ContextLogic Inc. (NASDAQ:WISH – Get Free Report)’s share price rose 0.6% during mid-day trading on Tuesday . The stock traded as high as $7.85 and last traded at $7.75. Approximately 538,798 shares traded hands during trading, a decline of 46% from the average daily volume of 991,637 shares. The stock had previously closed at $7.70.
ContextLogic Stock Performance
The company has a market capitalization of $187.86 million, a PE ratio of -0.64 and a beta of 2.09. The stock’s fifty day moving average is $7.60 and its two-hundred day moving average is $7.59.
About ContextLogic
ContextLogic Inc, known for its flagship e-commerce platform Wish, operates a mobile-first marketplace that connects consumers worldwide with merchants offering a wide range of affordable products. Leveraging a data-driven recommendation engine, Wish curates personalized shopping feeds that span electronics, apparel, home goods, accessories and everyday essentials. The company’s business model emphasizes direct relationships between buyers and sellers, enabling competitive pricing through streamlined logistics and a lean overhead structure.
Founded in 2010 by former Google engineers Peter Szulczewski and Danny Zhang, ContextLogic has grown from a startup in San Francisco to a publicly traded company listed on the Nasdaq under the ticker WISH.
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