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The company's fourth-quarter results brought expectations back down to Earth.
Fast-fashion eCommerce marketplaces including Wish, Shein and relative newcomer Temu are reeling as inflation presses down and consumer buying behavior shifts, creating a drag on the sector and leading to revisions in critical operational elements to reignite momentum. This was clear on the Wish fourth-quarter 2022 earnings call Thurs.
Shares of ContextLogic (NASDAQ: WISH ) are trending on Yahoo! Finance after the company reported quarterly results that missed Wall Street forecasts.
Let's face it – there are some stocks to sell that just have no hope left. Hope is a great thing.
ContextLogic, Inc. (NASDAQ:WISH ) Q4 2022 Earnings Conference Call February 23, 2023 5:00 PM ET Company Participants Ralph Fong - Head, IR Joe Yan - CEO Vivian Liu - CFO & COO Conference Call Participants Laura Champine - Loop Capital Markets Steven McDermott - Bank of America Merrill Lynch Operator Good day, and thank you for standing by. Welcome to WISH's Fourth Quarter and Full Year 2022 Earnings Call.
It's an important week for the leading Internet - Commerce Industry Group. Andrew Rocco lays out which stocks are leaders and which are laggards heading into earnings.
A notorious short seller thinks there is an opportunity with this beaten-down e-commerce platform.
The e-commerce underdog still faces existential challenges.
On February 13, 2023 at 15:18:40 (ET) an unusually large $46.21K block of Call contracts in ContextLogic (WISH) was bought, with a strike price of $1.50 / share, expiring in 67 days (on April 21, 2023).
On February 13, 2023 at 13:05:07 (ET) an unusually large $14.00K block of Call contracts in ContextLogic (WISH) was bought, with a strike price of $1.00 / share, expiring in 4 days (on February 17, 2023).