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ContextLogic (NASDAQ:WISH) Stock Price Up 1.1% - Here's Why

ContextLogic logo with Consumer Cyclical background

Key Points

  • ContextLogic Inc.'s stock price increased by 1.1% to close at $7.50, despite a significant decline in trading volume.
  • The company has a market capitalization of $182.98 million and a negative P/E ratio of -0.63, indicating potential concerns about profitability.
  • ContextLogic operates the Wish ecommerce platform, connecting consumers to merchants, and is based in San Francisco.
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Shares of ContextLogic Inc. (NASDAQ:WISH - Get Free Report) rose 1.1% during trading on Thursday . The company traded as high as $7.55 and last traded at $7.50. Approximately 134,739 shares traded hands during trading, a decline of 86% from the average daily volume of 991,637 shares. The stock had previously closed at $7.42.

ContextLogic Price Performance

The stock's 50-day simple moving average is $7.40 and its 200 day simple moving average is $7.41. The stock has a market capitalization of $182.99 million, a P/E ratio of -0.63 and a beta of 2.09.

ContextLogic Company Profile

(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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