Shares of ContextLogic Inc. (NASDAQ:WISH – Get Free Report) were down 0.4% on Thursday . The company traded as low as $8.96 and last traded at $9.00. Approximately 104,295 shares were traded during trading, a decline of 89% from the average daily volume of 991,637 shares. The stock had previously closed at $9.04.
ContextLogic Stock Down 0.4%
The firm has a market capitalization of $219.58 million, a price-to-earnings ratio of -0.75 and a beta of 2.09. The business has a 50-day moving average of $8.54 and a two-hundred day moving average of $8.07.
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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