Why Jumia Technologies Stock Was Sliding Today

Shares of Jumia Technologies (NYSE: JMIA), the African e-commerce company that has surged in recent weeks, were getting dinged today after it announced an at-the-market offering this morning, signaling that current shareholders are about to get diluted.

As of 11:23 a.m. EDT on Monday, the stock was down 8.8%.

A Jumia delivery driver. Image source: Jumia Technologies.

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Source Fool.com