WISH Stock Recent News

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.

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

SAN FRANCISCO, April 13, 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 first quarter 2023 financial results after the close of market on Thursday, May 4, 2023. Wish management will host a live conference call and webcast for shareholders, analysts and portfolio managers to discuss the company's first quarter results that afternoon at 5:00 PM ET / 2:00 PM PT.

ContextLogic (NASDAQ: WISH) stock price has crashed to a record low as investors remain concerned about the company's future. The parent company of the popular Wish.com, dropped to an all-time low of $7.8, bringing its market cap to over $185 million.

WISH stock is down 95% since my sell recommendation in 2021. But I think there's more to go from here.