ContextLogic Inc. (NASDAQ:WISH – Get Free Report) shares fell 2.5% during trading on Friday. The company traded as low as $14.65 and last traded at $14.67. 159,762 shares traded 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 Trading Down 2.5%
The firm has a market cap of $357.92 million, a P/E ratio of -1.22 and a beta of 2.09. The business has a 50-day moving average of $11.82 and a two-hundred day 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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