What's Happening With JMIA Stock And CFG Stock Thursday?

One of the most common questions traders have about stocks is “Why Is It Moving?”

That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.

Here’s the latest news and updates for Jumia and Citizens Financial Group.

Jumia Technologies AG - ADR JMIA shares are trading lower after the company disclosed a sales agency agreement with Citigroup for 8.96 million ADSs, representing 17,925,922 ordinary shares.

Jumia Technologies is a pan-African e-commerce platform that connects sellers with consumers. The company services a logistics channel for shipping and delivering packages from sellers to consumers. Jumia also has a payment service for transactions among participants in selected markets.

Citizens Financial Group Inc CFG shares are trading higher after Morgan Stanley maintained its Overweight rating on the stock and raised its price target from $52 to $55 per share.

Citizens is a retail bank holding company operating primarily in the New England, Mid-Atlantic, and Midwest regions of the United States.