July 10 (Lagos) - Shares of Africa focused e-commerce Company Jumia Technologies rose almost 30% after an analyst gave bullish views and increased their target price.
It was one of the most active stocks in New York on Tuesday.
The stock rose sharply during the covid years before falling more than 90% from those high levels of near $70 a share.
In 2019, the Company was accused of securities fraud by citron research and it led to sharp fall in its stock price post its IPO more than 5 yrs ago.
reporting for easykobo.com on Tuesday, July 10 2024 from Lagos, Nigeria