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Why Jumia Technologies Stock Skyrocketed 50.3% in April

TheMotleyFool

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Why Jumia Technologies Stock Skyrocketed 50.3% in April

Shares of Jumia Technologies (NYSE: JMIA) climbed 50.3% in April, according to data from S&P Global Market Intelligence . The e-commerce stock slumped roughly 29% in March's trading as concerns related to the novel coronavirus prompted widespread sell-offs, but shares rebounded last month thanks to signs of increased engagement on its platform and momentum for the broader market.