ContextLogic Inc. (NASDAQ:WISH – Get Free Report)’s share price dropped 2.5% during mid-day trading on Friday. The company traded as low as $14.65 and last traded at $14.67. Approximately 159,762 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 991,637 shares. The stock had previously closed at $15.05.
ContextLogic Stock Down 2.5%
The stock has a market cap of $357.92 million, a price-to-earnings ratio of -1.22 and a beta of 2.09. The company has a 50 day simple moving average of $11.82 and a 200 day simple moving average of $9.79.
About ContextLogic
ContextLogic Inc was a technology company best known for operating Wish, a mobile-focused global e-commerce marketplace. The Wish platform connected consumers with third-party merchants, primarily offering products such as apparel, electronics, home goods, accessories and other consumer merchandise.
Founded in 2010 by Peter Szulczewski and Danny Zhang, ContextLogic built its business around personalized product discovery, using data and recommendation technology to present shoppers with goods from merchants around the world.
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