ContextLogic (NASDAQ:WISH) Trading 0.5% Higher – Time to Buy?

Shares of ContextLogic Inc. (NASDAQ:WISH) rose 0.5% during mid-day trading on Wednesday . The stock traded as high as $7.95 and last traded at $7.90. Approximately 152,459 shares changed hands during trading, a decline of 85% from the average daily volume of 991,637 shares. The stock had previously closed at $7.86.

ContextLogic Stock Performance

The stock has a market capitalization of $192.74 million, a P/E ratio of -0.66 and a beta of 2.09. The firm has a 50-day moving average price of $7.60 and a 200 day moving average price of $7.61.

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.