WISH Stock Price: Over 9% Increase Explanation

By Amit Chowdhry ● June 10, 2021
  • The stock price of ContextLogic Inc (NASDAQ: WISH) increased by over 9% during intraday trading. This is why it happened.

The stock price of ContextLogic Inc (NASDAQ: WISH) increased by over 9% during intraday trading. This is a continuation in momentum as the stock price is now up more than 30% over the past week.

ContextLogic is one of the latest companies to become known as a “meme stock.” This means that it has gained the attention of retail investors active on social media platforms like Reddit, StockTwits, Twitter, Facebook, Discord, etc. In the case of ContextLogic, it has recently become a favorite on Reddit’s WallStreetBets forum — which is known for favoring shorted stocks.

Between Monday morning and yesterday morning, the stock price of ContextLogic increased by over 90%.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.