ContextLogic Inc (WISH)

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ContextLogic Inc (WISH) Profile

ContextLogic Inc. is a mobile e-commerce group that operates in Europe, North America, South America, and the rest of the world. The company owns and administers the Wish platform, which links consumers and merchants. Additionally, it offers merchants with marketplace and logistical solutions. San Francisco, California is the company's headquarters. Full-Time Employees: 875 (estimated). Latest stock price as of January 14 2022 2.5300-0.1900 (-6.99%) At close: 04:00 PM EST. Market cap 1.63B USD.

Subsidiaries: Wish Outlet and Wish Express.

ContextLogic Inc (WISH.xnas)Analysis
December 23rd update: ContextLogic Inc. (WISH) increased to new weekly highs of $3.62 before retracing 1.69 percent to close Wednesday at $3.48. The drop in WISH is unsurprising, following Tuesday's big 15% rise. The mobile eCommerce company's stocks underperformed the rise in the broader market, which was fueled by receding Omicron worries and pre-Christmas short covering. Despite the reduction, WISH stocks remain on track to post a weekly gain of approximately 8%.

US stocks extended their rally Wednesday, as Consumer Sentiment surpassed estimates and existing property sales increased for the third straight month. The S&P 500 and Nasdaq Composite both ended slightly higher, at 4,696.56 and 15,521.89 points, respectively. The Dow Jones Industrial Average increased by 0.7% to 35,753.89. All sectors posted gains, with consumer discretionary and technology sectors leading the way.

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