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Why Jumia Technologies Stock Sank Today
The Motley Fool· 2025-07-03 05:30
Jumia (JMIA -6.53%) stock saw a big pullback in Wednesday's trading despite bullish momentum for the broader market. The company's share price fell 5.6% in the daily session. Meanwhile, the S&P 500 and the Nasdaq Composite rose 0.4% and 0.9%, respectively. The stock had been down as much as 10.5% earlier in the session but regained ground as the day progressed.While Jumia stock saw big gains yesterday despite bearish momentum shaping the stock market, it saw a big sell-off today even as investors took fewer ...