ContextLogic Inc. (NASDAQ:WISH – Get Free Report) 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 traded.
ContextLogic Stock Down 7.6%
The firm has a 50 day simple moving average of $14.78 and a 200-day simple moving average of $10.38. The stock has a market cap of $341.57 million, a P/E ratio of -1.17 and a beta of 2.09.
ContextLogic Company Profile
ContextLogic Inc. was the technology company behind Wish, a mobile-focused e-commerce marketplace that connected consumers with merchants offering a broad selection of products, including apparel, accessories, electronics, home goods and other general merchandise. The platform emphasized personalized product discovery and value-oriented shopping through its website and mobile applications. Founded in 2010 by Piotr Szulczewski and Danny Zhang, ContextLogic expanded Wish internationally and served customers across multiple markets, particularly in North America and Europe.
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