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Why Jumia Technologies Stock Fell 23% Last Month

TheMotleyFool

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Why Jumia Technologies Stock Fell 23% Last Month

Shares of Jumia Technologies (NYSE: JMIA) finished last month lower after the African e-commerce company succumbed to the tech sell-off at the end of the month. The company also delivered a fourth-quarter earnings report that briefly lifted the stock before it continued its slide.

According to data from S&P Global Market Intelligence, the stock finished the month down 23%. As the chart below shows, the stock's slide came during the second half of the month.