Jumia Stock Nabs 2-Year High on New 'Buy' Rating

JMIA is up 29.8% to trade at $10.98 at last check, pacing for its best day since February after earlier surging to a two-year high of $11.20. The shares staged a bounce off the $7 region, which coincides with support from the 40-day moving average, and conquered their June peak. So far this year, the equity has added 212.2%. Today's bullish coverage is moving the needle, though. So far today, 33,000 calls and 13,000 puts have exchanged hands, which is triple the intraday average volume. Most active is the w ...