ContextLogic (NASDAQ:WISH) Trading Down 0.9% – Should You Sell?

ContextLogic Inc. (NASDAQ:WISHGet Free Report) was down 0.9% on Monday . The company traded as low as $7.91 and last traded at $7.97. Approximately 64,206 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 991,637 shares. The stock had previously closed at $8.04.

ContextLogic Price Performance

The company has a market capitalization of $194.45 million, a P/E ratio of -0.67 and a beta of 2.09. The stock’s 50 day simple moving average is $7.59 and its two-hundred day simple moving average is $7.37.

ContextLogic Company Profile

(Get Free Report)

ContextLogic Inc operates as a mobile ecommerce company in Europe, North America, South America, and internationally. The company operates Wish, an ecommerce platform that connects consumers to merchants. It also provides marketplace and logistics services to merchants. ContextLogic Inc was incorporated in 2010 and is headquartered in San Francisco, California.

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