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2021-06-09
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WISH Stock: How High Can r/WallStreetBets Take ContextLogic Shares Today?
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The c","content":"<p><b>ContextLogic</b>(NASDAQ:<b><u>WISH</u></b>) stock is rapidly picking up steam in the r/WallStreetBets community. The company behind the e-commerce platform Wish is being raised up by retail investing fiends amidst the meme stock rally. Because of this, the share price is really popping on today’s trading session.</p><p>WISH stock hasn’t been having a terrific time since its IPO in late 2020. In fact, on its first day of trading back in December, theprice of the stock dropped 16%below its IPO price point. The stock’s value only eclipsed its $25 IPO price once, for a brief few days in January fueled by the pump of<b>GameStop</b>(NYSE:<b><u>GME</u></b>) and other early meme stocks.</p><p>The company has seen a fair share of criticism that justifies the price floundering. Many see the retailer as an inferior imitation of <b>Amazon</b>(NASDAQ:<b><u>AMZN</u></b>). <i>Business Insider</i>went so far as todirectly compare the experience of shopping on both platforms, and came to the conclusion that Wish fails to capture the same experience and quality as Amazon. For these reasons, manyinvestors are betting on the company to failjust six months out of its public offering. Over 20% of the WISH float is short.</p><p>For these reasons, Reddit has decided to put effort into buoying the stock, if only to spite those shorting a significant portion of the float.</p><p>r/WallStreetBets Throws Support Behind WISH Stock</p><p>WISH stock is an overnight sensation on the r/WSB platform.Mentions of the stockon the message board have increased by over 4,000% in just 24 hours. Users are showing their hubris withmassive WISH investments. The retail trading hub is pivoting with incredible speed to the play after lifting off with GME and<b>AMC Entertainment</b>(NYSE:<b><u>AMC</u></b>).</p><p>Trading volume tells you everything you need to know about retail traders’ faith in WISH. Today’s volume is eclipsing 130 million shares, a jaw-dropping figure when considering WISH’s 9.5 million daily average. WISH stock is up nearly 50%, trading hands currently at $11.42.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>WISH Stock: How High Can r/WallStreetBets Take ContextLogic Shares Today?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWISH Stock: How High Can r/WallStreetBets Take ContextLogic Shares Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 10:01 GMT+8 <a href=https://investorplace.com/2021/06/wish-stock-how-high-can-r-wallstreetbets-take-contextlogic-shares-today/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ContextLogic(NASDAQ:WISH) stock is rapidly picking up steam in the r/WallStreetBets community. The company behind the e-commerce platform Wish is being raised up by retail investing fiends amidst the ...</p>\n\n<a href=\"https://investorplace.com/2021/06/wish-stock-how-high-can-r-wallstreetbets-take-contextlogic-shares-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://investorplace.com/2021/06/wish-stock-how-high-can-r-wallstreetbets-take-contextlogic-shares-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178325799","content_text":"ContextLogic(NASDAQ:WISH) stock is rapidly picking up steam in the r/WallStreetBets community. The company behind the e-commerce platform Wish is being raised up by retail investing fiends amidst the meme stock rally. Because of this, the share price is really popping on today’s trading session.WISH stock hasn’t been having a terrific time since its IPO in late 2020. In fact, on its first day of trading back in December, theprice of the stock dropped 16%below its IPO price point. The stock’s value only eclipsed its $25 IPO price once, for a brief few days in January fueled by the pump ofGameStop(NYSE:GME) and other early meme stocks.The company has seen a fair share of criticism that justifies the price floundering. Many see the retailer as an inferior imitation of Amazon(NASDAQ:AMZN). Business Insiderwent so far as todirectly compare the experience of shopping on both platforms, and came to the conclusion that Wish fails to capture the same experience and quality as Amazon. For these reasons, manyinvestors are betting on the company to failjust six months out of its public offering. Over 20% of the WISH float is short.For these reasons, Reddit has decided to put effort into buoying the stock, if only to spite those shorting a significant portion of the float.r/WallStreetBets Throws Support Behind WISH StockWISH stock is an overnight sensation on the r/WSB platform.Mentions of the stockon the message board have increased by over 4,000% in just 24 hours. Users are showing their hubris withmassive WISH investments. The retail trading hub is pivoting with incredible speed to the play after lifting off with GME andAMC Entertainment(NYSE:AMC).Trading volume tells you everything you need to know about retail traders’ faith in WISH. Today’s volume is eclipsing 130 million shares, a jaw-dropping figure when considering WISH’s 9.5 million daily average. WISH stock is up nearly 50%, trading hands currently at $11.42.","news_type":1},"isVote":1,"tweetType":1,"viewCount":53,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/180266929"}
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