ContextLogic Inc. (NASDAQ:WISH – Get Free Report)’s stock price crossed 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 changing hands.
ContextLogic Price Performance
The firm has a market capitalization of $341.57 million, a P/E ratio of -1.17 and a beta of 2.09. The firm’s 50 day moving average is $14.78 and its two-hundred day moving average is $10.38.
About ContextLogic
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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