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Why Jumia Technologies Stock Fell 29% Last Month

TheMotleyFool

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Why Jumia Technologies Stock Fell 29% Last Month

Shares of Jumia Technologies (NYSE: JMIA) were sliding again last month after a report by Bloomberg detailing the company's challenges seemed to add to investor skepticism about the African e-commerce company. The stock finished September down 29%, according to data from S&P Global Market Intelligence.

As you can see from the chart below, the stock's slide came toward the end of the month shortly after the report came out.