Why Jumia Technologies Stock Was Soaring This Week
Shares of Jumia Technologies (NYSE: JMIA) were catching fire this week as the African e-commerce company reported strong Black Friday results and benefited from a rebound in growth stocks. The big news out from Jumia this week was its Black Friday results. The results came after the company turned in a disappointing third-quarter earnings report featuring sluggish growth and a widening loss on the bottom line, and helped reset investor perceptions of Jumia as a growth stock.