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Stock impact report

Why Jumia Stock Skyrocketed Today [Yahoo! Finance]

Jumia Technologies AG American Depositary Shares, each representing two Ordinary Shares (JMIA) 
Company Research Source: Yahoo! Finance
merchandise volume (GMV) for the two-month period ending November 30. The company's platform recorded 4.3 million adjusted orders, up 18% year over year, with 62% of those orders placed during its Black Friday event. Total active customers increased by 9% and GMV was up 33%. The strong results led to a significant increase in the company's share price, but it remains to be seen if the momentum can be sustained outside of promotional periods. Jumia Technologies (NYSE: JMIA) stock surged in Thursday's trading. The African e-commerce company's share price ended the day's trading up 19.7% and had been up as high as 26.1% earlier in the session. After the market closed yesterday, Jumia published preliminary unaudited key performance indicators (KPIs) for the two-month period ending Nov. 30. The company reported better-than-expected growth for orders placed, active customers, and gross merchandise volume (GMV) during a key sales stretch, and investors bid up the stock in response. Are Show less Read more
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