Why Jumia Stock Slumped 17.7% This Week
Shares of Jumia Technologies (NYSE: JMIA) slumped 17.7% this week, according to data from S&P Global Market Intelligence. As of this writing, shares of Jumia stock are down 54% this year. Jumia itself didn't put out any press releases, so it seems like global macroeconomic fears are hurting the company's shares.