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StockNews.com
StockNews.com
Business
Pragya Pandey

1 Stock You Shouldn't Waste Your Time on This Fall

Wish EXPE e-commerce ContextLogic Inc

Mobile e-commerce company ContextLogic Inc. (WISH) operates an e-commerce platform, Wish, which connects users to merchants. It also provides merchants with marketplace and logistics services. The company’s shares have plummeted 84% over the past year and 69.9% year-to-date to close its last trading session at $0.93.

In addition, the stock is currently trading 85.3% below its 52-week high of $6.31, indicating a downtrend. In the third quarter, the company anticipates an adjusted EBITDA loss in the range of $110 million to $130 million.

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