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ContextLogic (NASDAQ:WISH) Stock Price Down 1.7% - Should You Sell?

ContextLogic logo with Consumer Cyclical background

Key Points

  • ContextLogic Inc. (NASDAQ:WISH) shares fell by 1.7% to $7.35, with trading volume down 96% from the average session.
  • The company's market capitalization stands at $179.33 million and it currently has a negative PE ratio of -0.61.
  • ContextLogic operates the Wish platform, which connects consumers to merchants for mobile ecommerce across various regions worldwide.
  • Interested in ContextLogic? Here are five stocks we like better.

ContextLogic Inc. (NASDAQ:WISH - Get Free Report) dropped 1.7% during mid-day trading on Friday . The stock traded as low as $7.35 and last traded at $7.35. Approximately 40,502 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 991,637 shares. The stock had previously closed at $7.48.

ContextLogic Trading Up 3.1%

The firm has a 50-day moving average of $7.39 and a 200-day moving average of $7.38. The stock has a market capitalization of $186.64 million, a price-to-earnings ratio of -0.64 and a beta of 2.09.

About ContextLogic

(Get Free Report)

ContextLogic Inc operates as a mobile ecommerce company in Europe, North America, South America, and internationally. The company operates Wish, an ecommerce platform that connects consumers to merchants. It also provides marketplace and logistics services to merchants. ContextLogic Inc was incorporated in 2010 and is headquartered in San Francisco, California.

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