Benzinga | Sep 14, 2021 09:12AM EDT

Jumia Co-CEO Jeremy Hodara Buys 50K Shares

* Pan-African e-commerce platform Jumia Technologies AG (NYSE:JMIA) announced that co-CEO Jeremy Hodara bought 50,000 Jumia ADS on the open market at the prevailing market price.

* Hodara used personal funds for the purchase and completed it on September 13.

* The shares were worth $0.98 million based on the September 13 closing price of $19.66.

* Price Action: JMIA shares traded higher by 3.51% at $20.35 in the premarket session on the last check Tuesday.