Jumia Technologies (NYSE:JMIA) Stock

Jumia Technologies

Jumia Technologies AG is the pan-African e-commerce platform. The company's platform consists of a marketplace, which connects sellers with consumers. Its logistics service enables the shipment and delivery of packages from sellers to consumers, and the company's payment service facilitates transactions among participants active on its platform in selected markets. Jumia generates revenue from Sales of goods, Commissions, Fulfillment, Value-added services, and Marketing & Advertising. Its geographical segments are West Africa, North Africa, East & South Africa, Europe, and United Arab Emirates. The firm generates majority of its revenue from the West Africa segment.

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JMIA

Jumia shares are trading higher on Thursday after the company announced a year-over-year increase in orders and gross merchant value for the two months ended Nov. 30.

What&#39;s Going On With Jumia Shares Thursday

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Initiation

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

AISP

AXTA

NTAP

NTNX

This Nutanix Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday

Equities

Jumia expands with new warehouse in Ghana to optimize operations and enhance customer experience. 

Jumia Expands Its Logistics Network With New Warehouse To Strengthen E-Commerce In Ghana

Jumia Technologies AG American Depositary Shares, each representing two Ordinary Shares

Jumia Technologies AG

Jumia Technologies AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) shares are trading higher on Thursday after the company announced a year-over-year increase in orders and gross merchant value for the two months <a href="https://www.benzinga.com/24/11/41938533/this-nutanix-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-wednesday">ended Nov. 30</a>.
The Details: Jumia specifically announced that orders totaled 4.3 million, up 18% year-over-year, with 62%&nbsp;of orders placed during the company&#8217;s Black Friday event. Jumia said this reflects that customers continue to respond to Jumia&#8217;s value proposition and diversified product supply.
&#8220;We are thrilled with the results of our Black Friday sales event, which helped drive what we see as strong results across our key usage KPIs in the first two months of the&nbsp;fourth quarter,&#8221; said Jumia&#8217;s CEO, Francis Dufay.
In addition, the company announced that gross merchandise volume increased by 33% in the two months ended Nov. 30.
&#8220;We achieved solid growth in orders and GMV in constant currency as ongoing strategic initiatives to diversify our supply, streamline our logistics network, and expand upcountry take hold. At a pivotal moment in Jumia&#8217;s trajectory, our results reinforce our belief that we have the right strategy and the right team in place to drive e-commerce adoption and serve the growing African consumer base while moving towards profitable growth,&#8221; said Dufay.
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JMIA Price Action: At the time of publication, Jumia shares are trading 22.0% higher at $4.63, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Courtesy of Jumia Technologies AG

What's Going On With Jumia Shares Thursday

WIIM

Jumia Technologies shares are trading higher after the company announced a year-over-year increase in orders and gross merchant value.

Jumia Reports 17% YoY Increase In Orders To 3.9M, 33% GMV Growth In Constant Currency, Strong Performance In Priority Categories, And 44% Growth In Upcountry Orders During Black Friday Event

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Evercore ISI Group analyst Eric Boyes initiated coverage on Axalta Coating Systems Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXTA#NYSE">AXTA</a>) with an Outperform rating and announced a price target of $47. Axalta Coating shares closed at $39.60 on Tuesday. <a href="https://www.benzinga.com/quote/AXTA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Oppenheimer analyst Param Singh initiated coverage on NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Perform rating. NetApp shares closed at $120.92 on Tuesday. <a href="https://www.benzinga.com/quote/NTA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark analyst Josh Sullivan initiated coverage on Airship AI Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AISP#NASDAQ">AISP</a>) with a Buy rating and announced a price target of $6. Airship AI shares closed at $3.07 on Tuesday. <a href="https://www.benzinga.com/quote/AISP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>RBC Capital analyst Brad Erickson initiated coverage on Jumia Technologies AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) with a Sector Perform rating and announced a price target of $5. Jumia Technologies shares closed at $4.01 on Tuesday. <a href="https://www.benzinga.com/quote/JMIA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Oppenheimer analyst Param Singh initiated coverage on Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) with an Outperform rating and announced a price target of $80. Nutanix shares closed at $72.24 on Tuesday. <a href="https://www.benzinga.com/quote/NTNX/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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RBC Capital analyst Brad Erickson initiates coverage on Jumia Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) with a Sector Perform rating and announces Price Target of $5.

Price Target

RBC Capital Initiates Coverage On Jumia Technologies with Sector Perform Rating, Announces Price Target of $5

Jumia Technologies AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>), Africa&#8217;s prominent e-commerce platform, has launched a new integrated warehouse and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/ac41876723/jumia-ghana-expands-operations-with-new-state-of-the-art-warehouse" rel="noreferrer noopener">logistics facility in Tema, Ghana.</a>
This investment reinforces Jumia&#8217;s commitment to Ghana&#8217;s e-commerce growth and aligns with its strategy to optimize operations across Africa, following similar expansions in Nigeria, Morocco, Egypt, and Cote d&#8217;Ivoire.
The new 6,000-square-meter Tema warehouse boosts Jumia&#8217;s storage capacity, enhancing supply chain efficiency, reducing delivery times, and strengthening its position as Ghana&#8217;s top online shopping destination. Located strategically in Tema, the new warehouse enhances access to key transport routes, supporting efficient nationwide distribution.
According to Francis Dufay, CEO of Jumia, the expansion underscores Jumia Ghana&#8217;s success and commitment to the Ghanaian market. Dufay highlighted that the enhanced logistics infrastructure strengthens Jumia&#8217;s ability to address evolving customer needs and support e-commerce growth, enabling a broader product selection, faster delivery, and increased convenience for customers.
&#8220;The increased space and advanced infrastructure will also allow us to streamline our operations, improve order fulfilment, and deliver an even better shopping experience for our customers,&#8221; said Fiacre N&#8217;Guessan, Chief Supply Chain Officer of Jumia Ghana.
Price Action: JMIA shares are trading higher by 1.05% at $3.86 premarket at the last check Monday.

Jumia Ghana Launches New 6,000 Sqm Warehouse In Tema To Boost Delivery Speed, Product Range, And E-Commerce Growth; Expansion Reinforces Strategic Focus On Operational Efficiency

Jumia Technologies shares are trading lower after the company reported worse-than-expected Q3 revenue results.

<h3>Gainers</h3>
<ul>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares increased by 35.3% to $0.12 during Thursday's pre-market session. </li>
<li>Dutch Bros (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) stock increased by 17.34% to $41.0. The market value of their outstanding shares is at $4.6 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>E-Home Household Service (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) stock moved upwards by 10.36% to $0.82. The company's market cap stands at $7.0 million. </li>
<li>Jiuzi Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JZXN#NASDAQ">JZXN</a>) shares increased by 8.88% to $1.47. The company's market cap stands at $13.3 million. </li>
<li>Planet Fitness (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLNT#NYSE">PLNT</a>) shares increased by 6.46% to $90.12. The company's market cap stands at $7.6 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Under Armour (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>) stock moved upwards by 6.45% to $8.58. The company's market cap stands at $3.7 billion. As per the press release, Q2 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>A-Mark Precious Metals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMRK#NASDAQ">AMRK</a>) shares declined by 12.8% to $32.8 during Thursday's pre-market session. The company's market cap stands at $752.8 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Arhaus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARHS#NASDAQ">ARHS</a>) stock fell 11.19% to $8.1. The company's market cap stands at $1.1 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) stock decreased by 9.77% to $0.11. The company's market cap stands at $1.0 million. </li>
<li>Jumia Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) stock decreased by 9.55% to $4.36. The market value of their outstanding shares is at $533.9 million. As per the press release, Q3 earnings came out today. </li>
<li>MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) shares declined by 8.9% to $1929.0. The company's market cap stands at $97.7 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>SAG Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAG#NASDAQ">SAG</a>) shares decreased by 8.17% to $2.7. The market value of their outstanding shares is at $26.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMRK

ARHS

BROS

DBGI

JZXN

MELI

PLNT

TRNR

12 Consumer Discretionary Stocks Moving In Thursday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) stock increased by 35.3% to $0.12 during Thursday's pre-market session. </li>
<li>Dutch Bros (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) shares moved upwards by 17.34% to $41.0. The market value of their outstanding shares is at $4.6 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>E-Home Household Service (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) stock increased by 10.36% to $0.82. The market value of their outstanding shares is at $7.0 million. </li>
<li>Jiuzi Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JZXN#NASDAQ">JZXN</a>) stock moved upwards by 8.88% to $1.47. The market value of their outstanding shares is at $13.3 million. </li>
<li>Planet Fitness (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLNT#NYSE">PLNT</a>) shares increased by 6.46% to $90.12. The market value of their outstanding shares is at $7.6 billion. The company's, Q3 earnings came out today. </li>
<li>Under Armour (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>) shares moved upwards by 6.45% to $8.58. The company's market cap stands at $3.7 billion. As per the press release, Q2 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>A-Mark Precious Metals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMRK#NASDAQ">AMRK</a>) stock decreased by 12.8% to $32.8 during Thursday's pre-market session. The market value of their outstanding shares is at $752.8 million. The company's, Q1 earnings came out yesterday. </li>
<li>Arhaus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARHS#NASDAQ">ARHS</a>) shares decreased by 11.19% to $8.1. The market value of their outstanding shares is at $1.1 billion. The company's, Q3 earnings came out today. </li>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) stock fell 9.77% to $0.11. The market value of their outstanding shares is at $1.0 million. </li>
<li>Jumia Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) stock fell 9.55% to $4.36. The company's market cap stands at $533.9 million. As per the press release, Q3 earnings came out today. </li>
<li>MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) stock fell 8.9% to $1929.0. The market value of their outstanding shares is at $97.7 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>SAG Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAG#NASDAQ">SAG</a>) stock fell 8.17% to $2.7. The market value of their outstanding shares is at $26.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

GUIDANCE
Jumia remains committed to reducing its losses and accelerating its progress towards cash efficiency and profitable growth.
The Company reiterates its outlook for 2024:
It aims to further reduce its cash utilization as compared to FY 2023.
Based on the positive impact of its growth strategy, Jumia projects an increase in both orders and GMV in 2024, excluding the potential impact of foreign exchange.

Guidance

Jumia Reiterates Its Outlook For 2024: Aims To Further Reduce Its Cash Utilization, Projects Increase In Both Orders And GMV, Excluding Potential Impact Of Foreign Exchange

Earnings

Earnings Misses

Jumia Technologies Q3 Sales $36.431M Miss $36.841M Estimate

HEPS

Hepsiburada Partners With Jumia To Expand Product Selection For North African Consumers, Offering Turkish Private Label And Curated Brands On Jumia's Platform

Partnership with Leading Turkish E-commerce Technology Platform to Expand Product Access for North African Consumers
CAIRO, EGYPT / ACCESSWIRE / October 30, 2024 / Jumia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) and D-MARKET Electronic Services &amp; Trading (d/b/a "Hepsiburada") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEPS#NASDAQ">HEPS</a>), today announced that the companies have entered into a commercial partnership whereby Hepsiburada will list its private label products and a portion of its retail assortment, together with a selection of other curated Turkish brands, on Jumia.
Headquartered in Istanbul, Hepsiburada is a leading e-commerce technology platform in Türkiye. Through this partnership, the two companies will leverage their respective strengths to provide a seamless and improved shopping experience for Jumia`s consumers. The collaboration lays the groundwork for broader engagement across key African markets where Jumia operates.

Global

Hepsiburada And Jumia Join Forces To Expand Product Access For North African Consumers

Jumia Technologies Announced The Planned Closure Of Its Operations In South Africa, Operated Under The Brand Name Zando, And Tunisia

Jumia To Open New Integrated Warehouses In Egypt And Ivory Coast To Boost E-Commerce Growth And Efficiency

U.S. stocks were mixed, with the Dow Jones index falling around 0.1% on Friday.
Shares of H&amp;R Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRB#NYSE">HRB</a>) rose sharply during Friday's session after the company reported better-than-expected fourth-quarter financial results and issued <a href="https://www.benzinga.com/news/earnings/24/08/40407075/h-r-block-q4-earnings-revenue-beat-eps-beat-strong-guidance-1-5b-buyback-stock-up-9">FY25 guidance above estimates.</a>
H&amp;R Block reported quarterly earnings of $1.89 per share which beat the analyst consensus estimate of $1.74. The company reported quarterly sales of $1.063 billion which beat the analyst consensus estimate of $1.028 billion.
Also, the company announced a quarterly dividend increase and $1.5 billion share repurchase authorization.
H&amp;R Block shares jumped 16.4% to $66.73 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Emergent BioSolutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBS#NYSE">EBS</a>) shares jumped 25% to $10.82. Shares of vaccine and mpox-related stocks traded higher after the WHO declared it a global health emergency.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) surged 16.4% to $36.52. AST SpaceMobile recently said its first five commercial satellites are on target for orbital launch in the first half of September.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) gained 16% to $6.76. Today, the company said it has successfully packed and shipped two Mars-bound spacecraft to Cape Canaveral, FL, in readiness for launch.</li>
<li>Planet Labs PBC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) gained 16% to $2.520 after the company announced that its first hyperspectral satellite, Tanager-1, along with 36 SuperDoves (Flock 4BE), will launch on the Transporter-11 rideshare mission with SpaceX on August 16.</li>
<li>Jumia Technologies AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NASDAQ">JMIA</a>) rose 14.8% to $5.63. Jumia announced completion of at-the-market offering.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) gained 14.6% to $0.8482. Cantor Fitzgerald analyst Andres Sheppard reiterated Polestar Automotive with an Overweight and maintained a $3 price target.</li>
<li>SIGA Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGA#NASDAQ">SIGA</a>) gained 14.6% to $11.01.</li>
<li>Ambipar Emergency Response (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMBI#NYSE">AMBI</a>) climbed 10.5% to $5.99.</li>
<li>Treace Medical Concepts, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMCI#NASDAQ">TMCI</a>) rose 9.2% to $6.53.</li>
<li>CI&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CINT#NYSE">CINT</a>) shares gained 7.4% to $7.25 after the company reported better-than-expected second-quarter financial results.</li>
<li>QXO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NYSE">QXO</a>) gained 7.1% to $12.15.</li>
<li>Cellebrite DI Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLBT#NYSE">CLBT</a>) rose 6.7% to $15.96. Cellebrite, on Thursday, reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
<li>JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) gained 5.5% to $28.51.</li>
<li>Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) rose 4.9% to $83.44 after multiple analysts raised their price targets on the stock following Thursday&#8217;s earnings report.</li>
</ul>
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40417110/jim-cramer-this-financial-stock-is-a-buy-core-scientific-is-a-very-overvalued-situation">Jim Cramer: This Financial Stock Is A Buy, Core Scientific Is A &#8216;Very Overvalued Situation&#8217;</a></li>
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Intraday Update

AMBI

ASTS

BABA

CINT

CLBT

PSNY

RKLB

SIGA

TMCI

H&R Block Posts Upbeat Earnings, Joins Alibaba Group, CI&T And Other Big Stocks Moving Higher On Friday

Offerings

Jumia Files Prospectus For Sale Of 20.23M ADSs Through ATM Offering; Pernod Ricard Purchases 1.27M ADSs As Part Of The Offering, Continuing Its Role As Shareholder And Strategic Partner Since 2019

Benchmark analyst Fawne Jiang maintains Jumia Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) with a Buy and lowers the price target from $14 to $11.

Benchmark Maintains Buy on Jumia Technologies, Lowers Price Target to $11

U.S. stocks traded higher toward the end of trading, with the S&amp;P 500 gaining more than 2% on Tuesday.
The Dow traded up 1.92% to 39,444.86 while the NASDAQ rose 2.53% to 16,610.32. The S&amp;P 500 also rose, gaining, 2.39% to 5,310.18.
Leading and Lagging Sectors Real estate shares climbed by 2.7% on Tuesday.
In trading on Tuesday, energy shares rose by just 1.1%.
Top Headline Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) reported better-than-expected second-quarter financial results on Tuesday.
Total sales and revenue for the quarter declined 4% year-over-year to $16.69 billion, beating the consensus of $16.68 billion. CAT's adjusted earnings were $5.99 per share, compared to $5.55 a year ago and above the consensus of $5.54.
CAT anticipates 2024 sales and revenues to be slightly lower than 2023 (prior view: sales and revenues to be broadly similar), with the year-over-year decline in the second half being roughly similar to the first half.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>TG Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGTX#NASDAQ">TGTX</a>) shares shot up 23% to $21.18 after the company reported better-than-expected quarterly financial results and raised its FY24 Briumvi U.S. net product revenue. The company entered into a term loan facility with Blue Owl Capital.</li>
<li>Shares of Clear Secure, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YOU#NYSE">YOU</a>) got a boost, surging 25% to $24.27 after the company reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates.</li>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) shares were also up, gaining 87% to $4.8450 after the company announced it secured $5 billion in new business from companies seeking to secure their fiber capacity.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Elevation Oncology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELEV#NASDAQ">ELEV</a>) shares dropped 60% to $0.8572 following second-quarter results.</li>
<li>Shares of Jumia Technologies AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NASDAQ">JMIA</a>) were down 52% to $5.09 after the company reported worse-than-expected quarterly sales results.</li>
<li>ThredUp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDUP#NASDAQ">TDUP</a>) was down, falling 56% to $0.7695 following second-quarter results.</li>
</ul>
Commodities In commodity news, oil traded up 1% to $73.63 while gold traded down 0.6% at $2,430.90.
Silver traded up 0.1% to $27.23 on Tuesday, while copper rose 0.8% to $4.03.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 rose 0.29%, Germany's DAX rose 0.09% and France's CAC 40 fell 0.27%. Spain's IBEX 35 Index fell 0.32%, while London's FTSE 100 rose 0.23%.
Retail sales in the Eurozone declined 0.3% month-over-month in June following a 0.1% gain in May. The HCOB Eurozone construction PMI declined to 41.4 in July, recording the lowest reading in six months.
The S&amp;P Global UK construction PMI rose to 55.3 in July from 52.2 in June, while France construction PMI declined to 39.7 in July from 41 in June. The HCOB Germany construction PMI rose to 40 in July versus 39.7 in June. Retail sales in the UK climbed 0.3% year-over-year in July compared to a 0.5% decline in June.
Asia Pacific Markets
Asian markets closed mostly higher on Tuesday, with Japan's Nikkei 225 jumping 10.23%, Hong Kong's Hang Seng Index gaining 0.31%, China's Shanghai Composite Index rising 0.23% and S&amp;P BSE Sensex declining 0.21%.
Household spending in Japan declined by 1.4% year-over&#8211;year in June following a 1.8% decline in the previous month.
Economics
<ul>
<li>The Logistics Manager's Index rose to 56.5 in July, recording the strongest reading in four months, and up from 55.3 in June.</li>
<li>The trade deficit in the U.S. shrank to $73.1 billion in June versus the revised gap of $75 billion in the previous month. However, analysts were expecting a gap pf $72.5 billion. Exports increased by 1.5% to $265.9 billion in June.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/08/40188563/this-crowdstrike-analyst-turns-bullish-here-are-top-5-upgrades-for-tuesday"> </a>
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40188563/this-crowdstrike-analyst-turns-bullish-here-are-top-5-upgrades-for-tuesday">This CrowdStrike Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday</a></li>
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