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ContextLogic (NASDAQ:WISH) Trading Down 7.8% - Time to Sell?

ContextLogic logo with Consumer Cyclical background

ContextLogic Inc. (NASDAQ:WISH - Get Free Report) shares were down 7.8% during trading on Tuesday . The stock traded as low as $6.80 and last traded at $6.81. Approximately 573,121 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 991,637 shares. The stock had previously closed at $7.39.

ContextLogic Stock Performance

The business has a 50 day moving average of $7.42 and a two-hundred day moving average of $7.30. The stock has a market capitalization of $162.25 million, a PE ratio of -0.56 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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