Stocks & Investing
Stocks and Investing
Stocks and Investing
Fri, December 6, 2024 
[ 09:01 AM ] - United States, The Globe and Mail
[ 08:01 AM ] - United States, MSN
[ 08:01 AM ] - United States, MSN
[ 07:31 AM ] - United States, MSN
[ 06:01 AM ] - United States, The Motley Fool
[ 05:01 AM ] - United States, MSN
[ 05:01 AM ] - United States, The Daily Telegraph
[ 05:01 AM ] - United States, The Motley Fool
[ 04:31 AM ] - United States, MSN
[ 04:01 AM ] - United States, Sky
[ 03:01 AM ] - United States, The Motley Fool
[ 02:01 AM ] - United States, Morningstar
[ 02:01 AM ] - United States, Business Standard
[ 01:31 AM ] - United States, MSN
[ 01:31 AM ] - United States, 24/7 Wall St
Why Jumia Stock Skyrocketed Today
- Detailed price information for Jumia Technologies Ag ADR (JMIA-N) from The Globe and Mail including charting and trades.
The article from The Globe and Mail discusses the significant surge in Jumia Technologies AG's stock price, which skyrocketed by 100% in a single trading session. This dramatic increase was triggered by a report from Citron Research, a well-known short-seller, which unexpectedly praised Jumia, reversing its previous skepticism. Citron Research highlighted that Jumia is not a fraud, contrary to earlier allegations, and pointed out the company's strong fundamentals, including its growing user base, increasing transaction volumes, and expanding market presence in Africa. The report suggested that Jumia could be the "Amazon of Africa," leading to a massive buying frenzy among investors. This positive endorsement from a source previously critical of the company led to a significant reevaluation of Jumia's stock, causing the sharp rise in its share price.
Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/stocks/JMIA/pressreleases/29922653/why-jumia-stock-skyrocketed-today/ ]
Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/stocks/JMIA/pressreleases/29922653/why-jumia-stock-skyrocketed-today/ ]
Contributing Sources
