WISH Stock Recent News

SAN FRANCISCO, Oct. 10, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world's largest mobile ecommerce platforms, today announced it will report its third quarter 2023 financial results after the close of market on Tuesday, November 7, 2023. Wish management will host a live conference call and webcast for shareholders, analysts and portfolio managers to discuss the company's third quarter results that afternoon at 5:00 PM ET / 2:00 PM PT.

An activist investor put out a letter to the board of WISH urging them to cease operations and return the cash to shareholders. We find that the net cash per share is lower than what the activist says and we believe it is not worth taking the risk. Liquidation news or a short squeeze can make the stock jump in the short-term. However, be aware of the risk associated with this trade.

Sometimes I really question why we're still talking about meme stocks. When will investors learn that the unpredictable nature of meme stocks nearly always makes them a bad investment choice?

Artificial intelligence (AI) is no longer just a buzzword, with its prominence in the tech landscape surging like never before this year. This next-level technology effectively opens doors to an array of applications for consumers, businesses and other entities.

Earnings season is always an important time for investors. This is because earnings growth (i.e.

ContextLogic, Inc. (NASDAQ:WISH ) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Ralph Fong - Head of IR Joe Yan - CEO Vivian Liu - CFO & COO Conference Call Participants Kunal Madhukar - UBS Laura Champine - Loop Capital Markets Operator Good day and thank you for standing by. Welcome to WISH's Second Quarter 2023 Earnings Conference Call.

SAN FRANCISCO, July 12, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world's largest mobile ecommerce platforms, today announced it will report its second quarter 2023 financial results after the close of market on Thursday, August 3, 2023. Wish management will host a live conference call and webcast for shareholders, analysts and portfolio managers to discuss the company's second quarter results that afternoon at 5:00 PM ET / 2:00 PM PT.

I have a bearish outlook on ContextLogic Inc. due to a potential cash shortage within a year, caution against investing. Declining active buyer and monthly active user numbers contradict ContextLogic's value proposition. Bleak near-term prospects for ContextLogic with little revenue growth indicated, despite some analyst predictions.

ContextLogic has been a veritable poster child for a terrible investment. Shares have lost 99% of value since its IPO in late 2019 and it now trades at a steep discount to cash.

ContextLogic Inc. (WISH) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.