Why Jumia Technologies Stock Was Sliding Today

Shares of Jumia Technologies (NYSE: JMIA) were pulling back today after the African e-commerce company filed a secondary stock offering and as high-priced tech stocks pulled back broadly as treasury yields rose, weighing on growth stock valuations. 

As of 12:50 p.m. EDT, Jumia shares were down 13.5%, while the Nasdaq Composite was off 1.5%.

Image source: Jumia.

Continue reading

Source Fool.com