The shining momentum for ContextLogic (NASDAQ:WISH) came and left in a hurry in June. Meme traders, where traders depicted stock buys with an image and a few words, lifted WISH stock. After ContextLogic posted results on August 12, any positive momentum all but evaporated. That is bad news for speculators, who thrive on trading volume.
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What events have hurt ContextLogic’s prospects and what will it mean for the rest of the year?
WISH Stock Hurt by Bad News
On July 2, WISH announced that its Chief Financial Officer, Rajat....More>>>