WISH Stock Recent News

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.

Shares of Wish parent ContextLogic (NASDAQ: WISH ) dived more than 20% on Tuesday after the firm announced plans for a 1-for-30 reverse split. Now, the e-commerce firm is seeing its value sink another 18% today.

ContextLogic, doing business as Wish, shares tumbled on Wednesday after the company announced a 1-for-30 reverse stock split of its Class A common stock. The eCommerce platform said in a statement that the move allows it to regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Global Select Market.

It hasn't been a good day for ContextLogic (NASDAQ: WISH ). Earlier today, the e-commerce platform announced that it would be effectuating a 1-for-30 reverse stock split.

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ContextLogic Inc said on Tuesday that France had lifted the ban on its e-commerce marketplace, Wish, after it was delisted from search engines and app stores over concerns about product safety.

SAN FRANCISCO, March 06, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world's largest mobile ecommerce platforms, today announced that its management team plans to participate in the Loop Capital Markets 2023 Virtual Investor Conference on Monday, March 13, 2023.