Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Jumia Technologies Stock Lost 20% in March

TheMotleyFool

0 0

Why Jumia Technologies Stock Lost 20% in March

Shares of Jumia Technologies (NYSE: JMIA) continued to decline in March on a broader pullback in high-priced growth stocks. Rising interest rates and a general rotation into more cyclical stocks continued the slide from February, and the African e-commerce company's announcement of a secondary offering also pressured the stock. According to data from S&P Global Market Intelligence, the shares finished March down 20%.

As you can see from the chart below, the stock remained volatile. It was even up double digits at one point last month.