Why Jumia Stock Skyrocketed Today

Jumia stock soared today, but it's still down 69% from the 52-week high it hit earlier this year. Jumia Technologies (JMIA 19.52%) 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 pl ...