WISH Stock Recent News

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.

Wish parent company ContextLogic Inc.'s WISH, +7.77% shares plunged more than 10% in after-hours trading Thursday, after the e-commerce company's revenue came in lower than $100 million for the first time on record. Wish reported first-quarter revenue of $96 million, down nearly 50% from $189 million a year ago, which executives blamed on pricing changes that began last year and decreased advertising spending.

With the bankruptcy of the embattled enterprise Bed Bath & Beyond (NASDAQ: BBBY ), it's time to discuss the worst retail stocks to sell. Understandably, bearish discussions don't go over so well in this era of toxic positivity.

Shares of ContextLogic Inc (NASDAQ: WISH) went up as much as 40% today after the eCommerce company announced a share repurchase programme. How many shares will it buy back?

Shares of ContextLogic (NASDAQ: WISH ) are soaring higher by over 25% following news that the company's board approved an up to $50 million share repurchase program. “We believe the current market does not reflect the long-term value of our shares of common stock and we believe this share repurchase program will support our efforts to unlock the long-term value and opportunity we see ahead,” said CFO and COO Vivian Lu.

ContextLogic, doing business as Wish, shares spiked almost 40% after it announced an up to $50 million share repurchase program. The move comes less than two weeks after the eCommerce platform unveiled a 1-for-30 reverse stock split to regain compliance with the minimum bid price requirement for continued listing on the Nasdaq Global Select Market, news that sent its shares tumbling to about US$8 on a split-adjusted basis.

ContextLogic (NASDAQ: WISH ), which runs a fading e-commerce site called Wish, sent its stock price up by announcing a $50 million share repurchase plan. This comes just a week after the company announced a 1:30 reverse stock split.

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