ContextLogic Inc. (NASDAQ:WISH – Get Free Report)’s stock price passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $14.78 and traded as low as $12.75. ContextLogic shares last traded at $14.00, with a volume of 674,701 shares changing hands.
ContextLogic Stock Performance
The company has a market cap of $345.23 million, a PE ratio of -1.18 and a beta of 2.09. The company has a 50 day simple moving average of $14.82 and a two-hundred day simple moving average of $10.44.
ContextLogic Company Profile
ContextLogic Inc. is best known as the former parent company of Wish, an e-commerce marketplace that connected consumers with merchants selling products such as apparel, home goods, electronics and accessories. Wish used a mobile app and website to offer a wide range of goods, with a customer base spanning multiple countries. In 2024, ContextLogic completed the sale of substantially all of Wish’s operating assets to Qoo10. Wish’s marketplace business is therefore no longer operated by ContextLogic.
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