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Why Jumia Technologies Stock Fell 32% in November

TheMotleyFool

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Why Jumia Technologies Stock Fell 32% in November

Shares of Jumia Technologies (NYSE: JMIA) were falling last month after the African e-commerce company posted a disappointing third-quarter earnings report. According to data from S&P Global Market Intelligence, the stock finished the month down 32%.

As you can see from the chart below, most of its losses came after the quarterly report came out on Nov. 16.