ContextLogic (Wish) Stock Sinks 18.68% For Past Month: What is Your Next Move?

The stock price moved higher by 7% today. Over the past month, it had lost 18.68%. ContextLogic stock was trading at $10.07 on July 15, then it just dropped down so fast to the stock price of $9.30. But after that drop the stock has started to regain and as of now the stock is worth $9.91.

Wish is an e-commerce platform that enables users to connect and transact with each other. Wish is an e-commerce platform that enables consumers to shop for products and sell them directly to them. It uses artificial intelligence to provide a personalized shopping experience.

More than 1 million merchants list their products on Wish, which eliminates the distributor fees they usually pay. The bulk of their merchandise comes from China and other overseas markets. With Wish, customers can save on average 20% on their purchases. Blitz Buy is a game powered by Wish, which is similar to the Wheel of Fortune-style game. It features a layer of gamification that allows users to offer additional discounts to top-selling items.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.

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