Ultime notizie per Jumia Technologies (NYSE:JMIA) Azioni

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.

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

Jumia Technologies AG

JUMIA TECHNOLOGIES ADR REP 2 ORD

News

JMIA

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>
Now Read This:<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"> </a>
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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>
</ul>

Intraday Update

Markets

Movers

Trading Ideas

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.

Price Target

Analyst Ratings

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>
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<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>
</ul>

Earnings

Equities

Eurozone

Commodities

ELEV

LUMN

TDUP

TGTX

S&P 500 Surges Over 2%; Caterpillar Earnings Beat Estimates

Jumia Technologies AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) shares are dropping Tuesday after the company posted worse-than-expected sales results <a href="https://www.benzinga.com/pressreleases/24/08/ac40187224/jumia-reports-second-quarter-2024-results">for the second quarter.</a>
The Details: Jumia reported revenue of $36.5 million which missed the analyst consensus estimate by 19.09% and represents a decrease of 17% year-over-year.&nbsp;
Marketplace revenue was $20 million, down 10% year-over-year, and first-party sales revenue was $16.1 million, down 24% year-over-year. The company reported GMV of $170.1 million, down 5% year-over-year, with 13% gross profit as a percentage of GMV.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/08/40167450/whats-going-on-with-intel-stock-today">What&#8217;s Going On With Intel Stock Today?</a>
"Jumia delivered another quarter of acceleration in its usage trends along with improved cash efficiency. Continued execution against our strategic priorities drove a 7% year-over-year increase in Orders, while Orders per Customer, excluding JumiaPay app Orders, which do not incur logistics costs, climbed to 2.1 Orders in the second quarter of 2024," said Francis Dufay, CEO of Jumia Technologies.&nbsp;
"GMV improved 35% year-over-year in constant currency and we delivered GMV growth in reported currency in six of our countries in the second quarter, up from five in the first quarter of 2024, a sign that the Jumia value proposition continues to resonate with the African consumer."
Outlook: The company reiterated its outlook for 2024 and&nbsp;aims to further reduce its cash utilization as compared to fiscal year 2023. Jumia said it projects an increase in both orders and GMV in 2024, excluding the potential impact of foreign exchange.
<h2 class="wp-block-heading">Will JMIA Stock Go Up?</h2>
When trying to assess whether or not Jumia Technologies will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $14 on Jumia Technologies. The Street high target is currently at $14 and the Street low target is $14. Of all the analysts covering Jumia Technologies, one has positive ratings, no one has neutral ratings and no one has negative ratings.
In the last month, one analyst has adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/JMIA/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Jumia Technologies have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Jumia Technologies is 71.13% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about Jumia Technologies, visit <a href="https://www.benzinga.com/quote/JMIA">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
JMIA Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Jumia Technologies shares are down 49.8% at $5.32 at the time of publication Tuesday.
Read Also:
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<li><a href="https://www.benzinga.com/news/earnings/24/08/40171977/hims-hers-health-reports-better-than-expected-q2-results-details">Hims &amp; Hers Health Reports Better-Than-Expected Q2 Results: Details</a></li>
</ul>
Image: Courtesy of Jumia Technologies

Why Jumia Technologies Stock Is Tanking

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 250 points on Tuesday.
The Dow traded up 1.11% to 39,133.65 while the NASDAQ rose 1.71% to 16,477.42. The S&amp;P 500 also rose, gaining, 1.66% to 5,272.52.
Leading and Lagging Sectors Real estate shares climbed by 2.2% on Tuesday.
In trading on Tuesday, energy shares rose by 0.7%.
Top Headline
 Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) reported better-than-expected quarterly earnings on Tuesday.
The company reported second-quarter adjusted earnings per share of $1.35, beating the street view of $1.33. Total revenues rose 4% to $1.763 billion, missing the consensus of $1.805 billion. GAAP operating profit rose by 6%, while core operating profit grew 10%.
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 $21.10 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 26% to $24.60 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 74% to $4.4999 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 58% to $0.8975 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 48% to $5.47 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 49% to $0.8861 following second-quarter results.</li>
</ul>
Commodities In commodity news, oil traded up 0.6% to $73.41 while gold traded down 0.8% at $2,424.70.
Silver traded down 0.4% to $27.11 on Tuesday, while copper rose 0.9% to $4.0345.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 rose 0.18%, Germany's DAX fell 0.1% and France's CAC 40 fell 0.44%. Spain's IBEX 35 Index fell 0.45%, while London's FTSE 100 rose 0.14%.
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">This CrowdStrike Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday</a>

Crude Oil Moves Higher; Yum! Brands Posts Upbeat Earnings

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 300 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.88% to 39,042.26 while the NASDAQ rose 0.76% to 16,323.66. The S&amp;P 500 also rose, gaining, 1.06% to 5,241.40.
Leading and Lagging Sectors Industrials shares climbed by 1.7% on Tuesday.
In trading on Tuesday, communication services shares rose by 0.6%.
Top Headline 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.
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>VBI Vaccines Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBIV#NASDAQ">VBIV</a>) shares shot up 178% to $0.1752.</li>
<li>Shares of Regencell Bioscience Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) got a boost, surging 71% to $11.35&nbsp;.</li>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) shares were also up, gaining 57% to $4.07 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 $0.8579 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 46% to $5.69 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 34% to $1.15 following second-quarter results.</li>
</ul>
Commodities In commodity news, oil traded up 0.8% to $73.53 while gold traded down 0.1% at $2,441.80.
Silver traded up 0.2% to $27.25 on Tuesday, while copper rose 0.5% to $4.0235.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 rose 0.2%, Germany's DAX rose 0.1% and France's CAC 40 fell 0.4%. Spain's IBEX 35 Index fell 0.6%, while London's FTSE 100 rose 0.1%.
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">This CrowdStrike Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday </a>

VBIV

Dow Jumps Over 300 Points; US Trade Gap Narrows In June

WIIM

Jumia Technologies shares are trading lower after the company reported worse-than-expected Q2 sales results.

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

Jumia Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) reported quarterly sales of $36.474 million which missed the analyst consensus estimate of $45.079 million by 19.09 percent. This is a 17.16 percent decrease over sales of $44.032 million the same period last year.

Earnings Misses

Jumia Technologies Q2 Sales $36.474M Miss $45.079M Estimate

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/02/24</td>
<td>$220.00</td>
<td>$78.1K</td>
<td>17.5K</td>
<td>62.0K</td>
</tr>
<tr>
<td>JMIA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/09/24</td>
<td>$17.00</td>
<td>$66.2K</td>
<td>285</td>
<td>8.0K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$197.50</td>
<td>$34.4K</td>
<td>12.7K</td>
<td>3.3K</td>
</tr>
<tr>
<td>CROX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$150.00</td>
<td>$42.7K</td>
<td>1.4K</td>
<td>2.1K</td>
</tr>
<tr>
<td>F</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/09/24</td>
<td>$11.00</td>
<td>$34.9K</td>
<td>4.0K</td>
<td>1.3K</td>
</tr>
<tr>
<td>TJX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$120.00</td>
<td>$26.7K</td>
<td>1.7K</td>
<td>922</td>
</tr>
<tr>
<td>SIG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/06/24</td>
<td>$90.00</td>
<td>$32.8K</td>
<td>0</td>
<td>717</td>
</tr>
<tr>
<td>MCD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/06/24</td>
<td>$275.00</td>
<td>$57.0K</td>
<td>22</td>
<td>211</td>
</tr>
<tr>
<td>BROS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$40.00</td>
<td>$31.4K</td>
<td>1.0K</td>
<td>200</td>
</tr>
<tr>
<td>DUOL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$240.00</td>
<td>$80.6K</td>
<td>389</td>
<td>176</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option sweep that happens to be neutral, expiring in 3 day(s) on August 2, 2024. This event was a transfer of 220 contract(s) at a $220.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $78.1K, with a price of $355.0 per contract. There were 17554 open contracts at this strike prior to today, and today 62029 contract(s) were bought and sold. 
• Regarding JMIA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>), we observe a call option sweep with bullish sentiment. It expires in 10 day(s) on August 9, 2024. Parties traded 739 contract(s) at a $17.00 strike. This particular call needed to be split into 66 different trades to become filled. The total cost received by the writing party (or parties) was $66.2K, with a price of $90.0 per contract. There were 285 open contracts at this strike prior to today, and today 8040 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on August 2, 2024. This event was a transfer of 292 contract(s) at a $197.50 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $34.4K, with a price of $118.0 per contract. There were 12720 open contracts at this strike prior to today, and today 3385 contract(s) were bought and sold. 
• Regarding CROX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on August 2, 2024. Parties traded 342 contract(s) at a $150.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $42.7K, with a price of $125.0 per contract. There were 1493 open contracts at this strike prior to today, and today 2125 contract(s) were bought and sold. 
• For F (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), we notice a put option sweep that happens to be bearish, expiring in 10 day(s) on August 9, 2024. This event was a transfer of 872 contract(s) at a $11.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $34.9K, with a price of $40.0 per contract. There were 4024 open contracts at this strike prior to today, and today 1340 contract(s) were bought and sold. 
• Regarding TJX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>), we observe a call option sweep with bearish sentiment. It expires in 52 day(s) on September 20, 2024. Parties traded 214 contract(s) at a $120.00 strike. This particular call needed to be split into 50 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $125.0 per contract. There were 1761 open contracts at this strike prior to today, and today 922 contract(s) were bought and sold. 
• Regarding SIG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>), we observe a call option sweep with bullish sentiment. It expires in 38 day(s) on September 6, 2024. Parties traded 117 contract(s) at a $90.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $32.8K, with a price of $280.0 per contract. There were 0 open contracts at this strike prior to today, and today 717 contract(s) were bought and sold. 
• For MCD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), we notice a call option sweep that happens to be bearish, expiring in 38 day(s) on September 6, 2024. This event was a transfer of 200 contract(s) at a $275.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $57.0K, with a price of $285.0 per contract. There were 22 open contracts at this strike prior to today, and today 211 contract(s) were bought and sold. 
• Regarding BROS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>), we observe a call option sweep with bullish sentiment. It expires in 17 day(s) on August 16, 2024. Parties traded 180 contract(s) at a $40.00 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $31.4K, with a price of $175.0 per contract. There were 1029 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• Regarding DUOL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NASDAQ">DUOL</a>), we observe a call option sweep with bullish sentiment. It expires in 108 day(s) on November 15, 2024. Parties traded 130 contract(s) at a $240.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $80.6K, with a price of $620.0 per contract. There were 389 open contracts at this strike prior to today, and today 176 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

BROS

CROX

DUOL

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Whales with a lot of money to spend have taken a noticeably bearish stance on Jumia Technologies.
Looking at options history for Jumia Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 18% of the investors opened trades with bullish expectations and 63% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $249,650 and 5, calls, for a total amount of $406,890.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $2.0 to $14.0 for Jumia Technologies during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Jumia Technologies options trades today is 609.33 with a total volume of 17,504.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Jumia Technologies's big money trades within a strike price range of $2.0 to $14.0 over the last 30 days.
<h3>Jumia Technologies 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722023155_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JMIA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$3.7</td>
<td>$3.5</td>
<td>$3.6</td>
<td>$14.00</td>
<td>$180.0K</td>
<td>69</td>
<td>1.0K</td>
</tr>
<tr>
<td>JMIA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$7.4</td>
<td>$5.4</td>
<td>$5.42</td>
<td>$8.00</td>
<td>$81.4K</td>
<td>1.1K</td>
<td>151</td>
</tr>
<tr>
<td>JMIA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/02/24</td>
<td>$1.65</td>
<td>$0.9</td>
<td>$1.29</td>
<td>$13.00</td>
<td>$62.0K</td>
<td>317</td>
<td>1.1K</td>
</tr>
<tr>
<td>JMIA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$1.25</td>
<td>$0.9</td>
<td>$1.16</td>
<td>$13.00</td>
<td>$59.0K</td>
<td>317</td>
<td>619</td>
</tr>
<tr>
<td>JMIA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/02/24</td>
<td>$1.15</td>
<td>$1.15</td>
<td>$1.15</td>
<td>$13.50</td>
<td>$57.5K</td>
<td>838</td>
<td>2.1K</td>
</tr>
</tbody>
</table>

<h3>About Jumia Technologies</h3>
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 &amp; Advertising. Its geographical segments are West Africa, North Africa, East &amp; South Africa, Europe, and United Arab Emirates. The firm generates majority of its revenue from the West Africa segment.
Having examined the options trading patterns of Jumia Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Jumia Technologies Standing Right Now?</h3>
<ul>
<li>With a trading volume of 5,583,357, the price of JMIA is up by 8.06%, reaching $13.28.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 11 days from now.</li>
</ul>
<h3>What The Experts Say On Jumia Technologies</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $14.0.
<ul>
<li>An analyst from Benchmark downgraded its action to Buy with a price target of $14. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Jumia Technologies with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Spotlight on Jumia Technologies: Analyzing the Surge in Options Activity

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money">Mad Money Lightning Round</a>,&#8221; Jim Cramer said Jumia Technologies AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) is not making a <a href="https://www.benzinga.com/quote/JMIA/earnings">lot of money.</a>
The company will release results for the second quarter before the opening bell on Tuesday, Aug. 6.
Benchmark analyst Fawne Jiang initiated coverage of Jumia&#8217;s stock on July 9 with a Buy rating and a $14 price target. The African e-commerce company is poised to benefit from multi-year and potentially multi-decade e-commerce growth in the region.
See Also: <a href="https://www.benzinga.com/etfs/specialty-etfs/23/03/31299793/exclusive-jim-cramer-recommended-svb-financial-in-february-an-example-of-his-reverse-midas-to">Jim Cramer Recommended This Bank A Month Before It Collapsed, An Example Of &#8216;His Reverse Midas Touch&#8217;</a>
When asked about Adeia Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADEA#NASDAQ">ADEA</a>), he said, &#8220;I would actually put Trade, TTD, which was down very badly today off of Alphabet, and I think that's the one you want to buy.&#8221;
Adeia will announce its financial results for the second quarter on Tuesday, Aug. 6, after the closing bell. Analysts expect the company to report quarterly earnings at 23 cents per share on revenue of $84.25 million.
The &#8220;Mad Money&#8221; host said he likes Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>). &#8220;I think it's absolutely terrific. It's going to get hammered along with the rest of the rotation,&#8221; he added.
On July 17, Cantor Fitzgerald analyst C J Muse maintained Broadcom with an Overweight rating, while adjusting target to $200 from $2,000 (10-1 stock split).
&#8220;I've always been a believer in the gold stocks,&#8221; Cramer said when asked about Hecla Mining Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>). &#8220;It's not always worked out, but right now it is. Yours is good.&#8221;
Hecla Mining will release its second quarter operational and financial results after the closing bell on Aug. 6. Analysts expect the company to report quarterly earnings at 4 cents per share on revenue of $219.2 million.
Cramer recommended buying AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>). &#8220;All I know is that drones work,&#8221; he noted.
On July 23, René Carbone Bardorf joined AeroVironment (AV) as Vice President of Marketing and Communications.
Price Action:
<ul>
<li>Adeia shares fell 3.6% to settle at $11.38 on Wednesday.</li>
<li>Hecla Mining shares fell 1% to settle at $5.88.</li>
<li>Jumia dipped 11.3% to close at $12.24 during Wednesday's session.</li>
<li>AeroVironment shares slipped 0.7% to settle at $170.31.</li>
<li>Broadcom shares fell 7.6% to settle at $151.34 on Wednesday.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39931967/nvidia-mcdonalds-and-2-other-stocks-insiders-are-selling">Nvidia, McDonald&#8217;s And 2 Other Stocks Insiders Are Selling</a></li>
</ul>

Long Ideas

Media

ADEA

AVAV

AVGO

Jim Cramer: This Tech Stock Is 'Absolutely Terrific,' But Jumia? It's Not Making A Lot Of Money

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$187.50</td>
<td>$48.6K</td>
<td>11.3K</td>
<td>32.3K</td>
</tr>
<tr>
<td>LCID</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$1.00</td>
<td>$1.2 million</td>
<td>119.6K</td>
<td>30.0K</td>
</tr>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$260.00</td>
<td>$35.2K</td>
<td>16.9K</td>
<td>19.0K</td>
</tr>
<tr>
<td>F</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$14.00</td>
<td>$96.2K</td>
<td>14.7K</td>
<td>13.4K</td>
</tr>
<tr>
<td>JMIA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/02/24</td>
<td>$19.00</td>
<td>$44.6K</td>
<td>636</td>
<td>7.7K</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$27.50</td>
<td>$26.8K</td>
<td>11.6K</td>
<td>1.6K</td>
</tr>
<tr>
<td>PHM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$122.00</td>
<td>$77.1K</td>
<td>22</td>
<td>854</td>
</tr>
<tr>
<td>MBLY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$36.00</td>
<td>$44.4K</td>
<td>1.3K</td>
<td>619</td>
</tr>
<tr>
<td>FTDR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$35.00</td>
<td>$29.6K</td>
<td>5.0K</td>
<td>312</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$55.00</td>
<td>$49.6K</td>
<td>12.0K</td>
<td>241</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on July 26, 2024. Parties traded 200 contract(s) at a $187.50 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $48.6K, with a price of $244.0 per contract. There were 11342 open contracts at this strike prior to today, and today 32397 contract(s) were bought and sold. 
• For LCID (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), we notice a put option trade that happens to be bullish, expiring in 878 day(s) on December 18, 2026. This event was a transfer of 30000 contract(s) at a $1.00 strike. The total cost received by the writing party (or parties) was $1.2 million, with a price of $40.0 per contract. There were 119611 open contracts at this strike prior to today, and today 30000 contract(s) were bought and sold. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on July 26, 2024. Parties traded 50 contract(s) at a $260.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $35.2K, with a price of $705.0 per contract. There were 16973 open contracts at this strike prior to today, and today 19090 contract(s) were bought and sold. 
• For F (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), we notice a call option sweep that happens to be bullish, expiring in 24 day(s) on August 16, 2024. This event was a transfer of 2000 contract(s) at a $14.00 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $96.2K, with a price of $48.0 per contract. There were 14762 open contracts at this strike prior to today, and today 13448 contract(s) were bought and sold. 
• For JMIA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>), we notice a call option sweep that happens to be bullish, expiring in 10 day(s) on August 2, 2024. This event was a transfer of 1009 contract(s) at a $19.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $44.6K, with a price of $45.0 per contract. There were 636 open contracts at this strike prior to today, and today 7778 contract(s) were bought and sold. 
• Regarding JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we observe a call option trade with bullish sentiment. It expires in 59 day(s) on September 20, 2024. Parties traded 199 contract(s) at a $27.50 strike. The total cost received by the writing party (or parties) was $26.8K, with a price of $135.0 per contract. There were 11675 open contracts at this strike prior to today, and today 1685 contract(s) were bought and sold. 
• For PHM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>), we notice a call option sweep that happens to be bearish, expiring in 10 day(s) on August 2, 2024. This event was a transfer of 154 contract(s) at a $122.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $77.1K, with a price of $500.0 per contract. There were 22 open contracts at this strike prior to today, and today 854 contract(s) were bought and sold. 
• Regarding MBLY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>), we observe a call option trade with bullish sentiment. It expires in 115 day(s) on November 15, 2024. Parties traded 600 contract(s) at a $36.00 strike. The total cost received by the writing party (or parties) was $44.4K, with a price of $74.0 per contract. There were 1363 open contracts at this strike prior to today, and today 619 contract(s) were bought and sold. 
• For FTDR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTDR#NASDAQ">FTDR</a>), we notice a call option sweep that happens to be bearish, expiring in 87 day(s) on October 18, 2024. This event was a transfer of 69 contract(s) at a $35.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $29.6K, with a price of $430.0 per contract. There were 5070 open contracts at this strike prior to today, and today 312 contract(s) were bought and sold. 
• Regarding CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we observe a call option sweep with bearish sentiment. It expires in 178 day(s) on January 17, 2025. Parties traded 102 contract(s) at a $55.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $49.6K, with a price of $480.0 per contract. There were 12038 open contracts at this strike prior to today, and today 241 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

FTDR

LCID

MBLY

Whales with a lot of money to spend have taken a noticeably bullish stance on Jumia Technologies.
Looking at options history for Jumia Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $162,266 and 6, calls, for a total amount of $309,135.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $3.0 to $21.0 for Jumia Technologies over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Jumia Technologies's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Jumia Technologies's whale activity within a strike price range from $3.0 to $21.0 in the last 30 days. 
<h3>Jumia Technologies Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721749727_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JMIA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$2.35</td>
<td>$2.2</td>
<td>$2.2</td>
<td>$13.00</td>
<td>$89.2K</td>
<td style="text-align: right;">324</td>
<td>417</td>
</tr>
<tr>
<td>JMIA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/09/24</td>
<td>$0.8</td>
<td>$0.55</td>
<td>$0.75</td>
<td>$21.00</td>
<td>$73.8K</td>
<td style="text-align: right;">11</td>
<td>1.4K</td>
</tr>
<tr>
<td>JMIA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/02/24</td>
<td>$0.45</td>
<td>$0.35</td>
<td>$0.35</td>
<td>$19.00</td>
<td>$61.0K</td>
<td style="text-align: right;">636</td>
<td>1.7K</td>
</tr>
<tr>
<td>JMIA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/02/24</td>
<td>$0.4</td>
<td>$0.35</td>
<td>$0.39</td>
<td>$19.00</td>
<td>$54.6K</td>
<td style="text-align: right;">636</td>
<td>3.3K</td>
</tr>
<tr>
<td>JMIA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$2.65</td>
<td>$2.4</td>
<td>$2.45</td>
<td>$13.50</td>
<td>$48.8K</td>
<td style="text-align: right;">7</td>
<td>319</td>
</tr>
</tbody>
</table>

<h3>About Jumia Technologies</h3>
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 &amp; Advertising. Its geographical segments are West Africa, North Africa, East &amp; South Africa, Europe, and United Arab Emirates. The firm generates majority of its revenue from the West Africa segment.
After a thorough review of the options trading surrounding Jumia Technologies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Jumia Technologies Standing Right Now?</h3>
<ul>
<li>With a trading volume of 5,408,994, the price of JMIA is down by 0.0%, reaching $14.56.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 14 days from now.</li>
</ul>
<h3>Expert Opinions on Jumia Technologies</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $14.0.
<ul>
<li>An analyst from Benchmark has revised its rating downward to Buy, adjusting the price target to $14. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Jumia Technologies, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

A Closer Look at Jumia Technologies's Options Market Dynamics

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$250.00</td>
<td>$26.5K</td>
<td>13.1K</td>
<td>37.1K</td>
</tr>
<tr>
<td>GM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$50.00</td>
<td>$42.5K</td>
<td>26.3K</td>
<td>3.7K</td>
</tr>
<tr>
<td>MCFT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$17.50</td>
<td>$113.8K</td>
<td>1.2K</td>
<td>1.9K</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$20.00</td>
<td>$53.4K</td>
<td>8.5K</td>
<td>1.7K</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$80.00</td>
<td>$73.7K</td>
<td>14.2K</td>
<td>1.5K</td>
</tr>
<tr>
<td>JMIA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$13.00</td>
<td>$214.0K</td>
<td>1.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$200.00</td>
<td>$26.0K</td>
<td>6.6K</td>
<td>504</td>
</tr>
<tr>
<td>JD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$23.00</td>
<td>$34.7K</td>
<td>306</td>
<td>334</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$150.00</td>
<td>$26.5K</td>
<td>224</td>
<td>95</td>
</tr>
<tr>
<td>LOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$240.00</td>
<td>$29.8K</td>
<td>987</td>
<td>81</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on July 26, 2024. This event was a transfer of 22 contract(s) at a $250.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $1205.0 per contract. There were 13172 open contracts at this strike prior to today, and today 37141 contract(s) were bought and sold. 
• Regarding GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we observe a call option trade with bearish sentiment. It expires in 25 day(s) on August 16, 2024. Parties traded 250 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $42.5K, with a price of $170.0 per contract. There were 26305 open contracts at this strike prior to today, and today 3774 contract(s) were bought and sold. 
• For MCFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCFT#NASDAQ">MCFT</a>), we notice a put option trade that happens to be bearish, expiring in 60 day(s) on September 20, 2024. This event was a transfer of 1897 contract(s) at a $17.50 strike. The total cost received by the writing party (or parties) was $113.8K, with a price of $60.0 per contract. There were 1248 open contracts at this strike prior to today, and today 1904 contract(s) were bought and sold. 
• Regarding GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we observe a call option trade with bearish sentiment. It expires in 25 day(s) on August 16, 2024. Parties traded 99 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $53.4K, with a price of $540.0 per contract. There were 8557 open contracts at this strike prior to today, and today 1702 contract(s) were bought and sold. 
• Regarding NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we observe a call option sweep with neutral sentiment. It expires in 88 day(s) on October 18, 2024. Parties traded 250 contract(s) at a $80.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $73.7K, with a price of $295.0 per contract. There were 14294 open contracts at this strike prior to today, and today 1587 contract(s) were bought and sold. 
• Regarding JMIA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>), we observe a call option trade with bearish sentiment. It expires in 116 day(s) on November 15, 2024. Parties traded 500 contract(s) at a $13.00 strike. The total cost received by the writing party (or parties) was $214.0K, with a price of $428.0 per contract. There were 1122 open contracts at this strike prior to today, and today 1027 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option trade with bullish sentiment. It expires in 88 day(s) on October 18, 2024. Parties traded 41 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $635.0 per contract. There were 6666 open contracts at this strike prior to today, and today 504 contract(s) were bought and sold. 
• For JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we notice a put option trade that happens to be bearish, expiring in 151 day(s) on December 20, 2024. This event was a transfer of 334 contract(s) at a $23.00 strike. The total cost received by the writing party (or parties) was $34.7K, with a price of $104.0 per contract. There were 306 open contracts at this strike prior to today, and today 334 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a call option sweep with bullish sentiment. It expires in 39 day(s) on August 30, 2024. Parties traded 90 contract(s) at a $150.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $299.0 per contract. There were 224 open contracts at this strike prior to today, and today 95 contract(s) were bought and sold. 
• For LOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), we notice a call option trade that happens to be bearish, expiring in 88 day(s) on October 18, 2024. This event was a transfer of 25 contract(s) at a $240.00 strike. The total cost received by the writing party (or parties) was $29.8K, with a price of $1195.0 per contract. There were 987 open contracts at this strike prior to today, and today 81 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

MCFT

Citigourp Global Markets 2% Protected Notes Linked To The Djia

Investors with a lot of money to spend have taken a bullish stance on Jumia Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with JMIA, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Jumia Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 37%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $153,775, and 4 are calls, for a total amount of $327,950.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $13.0 for Jumia Technologies during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Jumia Technologies's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Jumia Technologies's substantial trades, within a strike price spectrum from $10.0 to $13.0 over the preceding 30 days.
<h3>Jumia Technologies Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721330180_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JMIA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$3.2</td>
<td>$2.95</td>
<td>$3.1</td>
<td>$13.00</td>
<td>$247.6K</td>
<td>177</td>
<td style="text-align: right;">11</td>
</tr>
<tr>
<td>JMIA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$0.6</td>
<td>$0.5</td>
<td>$0.5</td>
<td>$12.00</td>
<td>$59.1K</td>
<td>4.0K</td>
<td style="text-align: right;">169</td>
</tr>
<tr>
<td>JMIA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$1.05</td>
<td>$1.0</td>
<td>$1.0</td>
<td>$12.00</td>
<td>$37.9K</td>
<td>1.9K</td>
<td style="text-align: right;">420</td>
</tr>
<tr>
<td>JMIA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$2.4</td>
<td>$2.25</td>
<td>$2.4</td>
<td>$12.00</td>
<td>$28.5K</td>
<td>0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>JMIA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$0.8</td>
<td>$0.75</td>
<td>$0.75</td>
<td>$12.00</td>
<td>$28.5K</td>
<td>1.9K</td>
<td style="text-align: right;">802</td>
</tr>
</tbody>
</table>

<h3>About Jumia Technologies</h3>
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 &amp; Advertising. Its geographical segments are West Africa, North Africa, East &amp; South Africa, Europe, and United Arab Emirates. The firm generates majority of its revenue from the West Africa segment.
In light of the recent options history for Jumia Technologies, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Jumia Technologies's Current Market Status</h3>
<ul>
<li>With a volume of 6,012,266, the price of JMIA is up 2.74% at $12.77. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 26 days.</li>
</ul>
<h3>What Analysts Are Saying About Jumia Technologies</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $14.0.
<ul>
<li>An analyst from Benchmark has revised its rating downward to Buy, adjusting the price target to $14. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Jumia Technologies, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$260.00</td>
<td>$28.5K</td>
<td>25.3K</td>
<td>124.4K</td>
</tr>
<tr>
<td>JMIA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$17.00</td>
<td>$29.1K</td>
<td>70</td>
<td>4.1K</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$40.00</td>
<td>$56.7K</td>
<td>3.3K</td>
<td>3.3K</td>
</tr>
<tr>
<td>EBAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$60.00</td>
<td>$26.0K</td>
<td>1.9K</td>
<td>2.3K</td>
</tr>
<tr>
<td>BC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$80.00</td>
<td>$317.0K</td>
<td>89</td>
<td>1.0K</td>
</tr>
<tr>
<td>W</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$45.00</td>
<td>$115.4K</td>
<td>228</td>
<td>756</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/09/24</td>
<td>$205.00</td>
<td>$40.0K</td>
<td>3.2K</td>
<td>682</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$300.00</td>
<td>$63.2K</td>
<td>3.3K</td>
<td>545</td>
</tr>
<tr>
<td>BYON</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$17.50</td>
<td>$28.0K</td>
<td>702</td>
<td>103</td>
</tr>
<tr>
<td>LOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$250.00</td>
<td>$44.0K</td>
<td>554</td>
<td>102</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on July 19, 2024. Parties traded 150 contract(s) at a $260.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $28.5K, with a price of $190.0 per contract. There were 25301 open contracts at this strike prior to today, and today 124439 contract(s) were bought and sold. 
• Regarding JMIA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>), we observe a call option sweep with bullish sentiment. It expires in 9 day(s) on July 26, 2024. Parties traded 1457 contract(s) at a $17.00 strike. This particular call needed to be split into 51 different trades to become filled. The total cost received by the writing party (or parties) was $29.1K, with a price of $20.0 per contract. There were 70 open contracts at this strike prior to today, and today 4129 contract(s) were bought and sold. 
• Regarding CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we observe a call option trade with bullish sentiment. It expires in 184 day(s) on January 17, 2025. Parties traded 117 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $56.7K, with a price of $485.0 per contract. There were 3340 open contracts at this strike prior to today, and today 3382 contract(s) were bought and sold. 
• For EBAY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), we notice a call option sweep that happens to be bullish, expiring in 30 day(s) on August 16, 2024. This event was a transfer of 347 contract(s) at a $60.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $75.0 per contract. There were 1901 open contracts at this strike prior to today, and today 2331 contract(s) were bought and sold. 
• For BC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BC#NYSE">BC</a>), we notice a put option sweep that happens to be bearish, expiring in 30 day(s) on August 16, 2024. This event was a transfer of 1114 contract(s) at a $80.00 strike. This particular put needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $317.0K, with a price of $289.0 per contract. There were 89 open contracts at this strike prior to today, and today 1028 contract(s) were bought and sold. 
• For W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we notice a call option trade that happens to be bearish, expiring in 156 day(s) on December 20, 2024. This event was a transfer of 78 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $115.4K, with a price of $1480.0 per contract. There were 228 open contracts at this strike prior to today, and today 756 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bullish, expiring in 23 day(s) on August 9, 2024. This event was a transfer of 137 contract(s) at a $205.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $40.0K, with a price of $292.0 per contract. There were 3254 open contracts at this strike prior to today, and today 682 contract(s) were bought and sold. 
• Regarding LULU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), we observe a call option trade with bearish sentiment. It expires in 30 day(s) on August 16, 2024. Parties traded 93 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $63.2K, with a price of $680.0 per contract. There were 3374 open contracts at this strike prior to today, and today 545 contract(s) were bought and sold. 
• Regarding BYON (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYON#NYSE">BYON</a>), we observe a call option trade with bearish sentiment. It expires in 156 day(s) on December 20, 2024. Parties traded 100 contract(s) at a $17.50 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $280.0 per contract. There were 702 open contracts at this strike prior to today, and today 103 contract(s) were bought and sold. 
• For LOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), we notice a call option sweep that happens to be bearish, expiring in 30 day(s) on August 16, 2024. This event was a transfer of 100 contract(s) at a $250.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $44.0K, with a price of $440.0 per contract. There were 554 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BYON

EBAY

LULU

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Jumia Technologies AG (JMIA) Q2 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Jumia Technologies (NYSE:<a href="https://investorplace.com/stock-quotes/jmia-stock-quote/">JMIA</a>) stock is taking a beating on Tuesday after the African e-commerce company <a href="https://finance.yahoo.com/news/jumia-reports-second-quarter-2024-110000256.html">posted earnings results</a> from its second quarter of 2024.



That Jumia Technologies earnings report starts off badly with its revenue of $36.5 million. That&rsquo;s below Wall Street&rsquo;s estimate of $41.7 million for the quarter. This is down 17.2% year-over-year from $44 million.



Jumia Technologies notes that this comes from its marketplace revenue dropping 10% from Q2 2023 to $20 million. It also saw First-Party sales revenue drop 24% YoY to $16.1 million.



Despite the revenue drop, Jumia Technologies CEO Francis Dufay is putting a positive spin on the results.




&ldquo;Our quarterly cash burn declined 55%, or $10.4 million, quarter-over-quarter to $8.7 million in the second quarter of 2024 as a result of disciplined cost management and reductions in finance costs. Year-over-year our marketing spend declined 19% as we continued to invest in proven channels, such as CRM, SEO and local offline channels.&rdquo;




<h2>JMIA Stock: Guidance Reiterated</h2>



Jumia Technologies is still holding to its 2024 outlook. That includes expectations it will further reduce its cash utilization and and increase in orders and GMV for the year.



JMIA stock is down 47.9% as of Tuesday morning. However, the shares are still up 62.5% since the start of the year.



Investors will want to stick around for more of the most recent stock market stories!



We have all of the hottest stock market news that traders need to know about on Tuesday! Among that is what&rsquo;s happening with shares of Lucid&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/lcid-stock-quote/">LCID</a>), Lumen Technologies&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/lumn-stock-quote/">LUMN</a>) and FuboTV&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/fubo-stock-quote/">FUBO</a>) stock. All of this news is ready below!



<h2>More Stock Market News for Tuesday</h2>



<ul><li><a href="https://investorplace.com/2024/08/lucid-news-why-lcid-stock-is-making-bullish-headlines-today/">Lucid News: Why LCID Stock Is Making Bullish Headlines Today</a></li>



<li><a href="https://investorplace.com/2024/08/lumen-technologies-news-what-is-going-on-with-lumn-stock-today/">Lumen Technologies News: What Is Going On With LUMN Stock Today?</a></li>



<li><a href="https://investorplace.com/2024/08/fubotv-news-why-is-fubo-stock-moving-today/">FuboTV News: Why Is FUBO Stock Moving Today?</a></li>
</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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