ContextLogic Inc. (NASDAQ:WISH – Get Free Report) shares shot up 0.6% during trading on Tuesday . The company traded as high as $7.85 and last traded at $7.75. 538,798 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 991,637 shares. The stock had previously closed at $7.70.
ContextLogic Price Performance
The company has a fifty day moving average price of $7.61 and a two-hundred day moving average price of $7.59. The firm has a market cap of $189.08 million, a price-to-earnings ratio of -0.65 and a beta of 2.09.
ContextLogic Company Profile
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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