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Jumia Technologies AG (JMIA)

NYSE
Currency in USD
Disclaimer
4.06
+0.02(+0.49%)
Closed
After Hours
4.10+0.04(+0.99%)

JMIA Comments

I think this stock had it'd bumps earlier this year. These guys seem to be driving car in the right direction. I see it easily joining the the other Ecomerce stocks in the over $100 club It has traded ONLY 21mil shares today and it is up 25% It takes very little volume to move this up. That is for one reason and one reason only people are buying and holding this stock not trading it. THere was an article the other day in the WSJ that said 70% of Robinhood stock buyers are buying for long term holding
I think the total number of stock is 100M. So when 25M are traded in only one day, it is 25% of the total amount. If more than 100M are traded a week (this is the case), more than the total number is traded. So it is not possible that people who buy doesn't sale also...
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