Throughout most of the publicly traded journey of e-commerce platform ContextLogic (NASDAQ:WISH), the route has been treacherous. What started out as an intriguing concept — evidenced by a peak price of more than $30 per share — gradually tumbled into what many analysts regard as a lost cause. Certainly, following the May 3 session when the security closed at $1.76, WISH stock is all but a speculative trade.
From the perspective of technical analysis, it’s encouraging that since mid-March, WISH stock has not only stabilized, but it’s also gained 3.5%. While that wouldn’t be a source of pride in most other circumstances, let’s understand the context. During the same period, the Nasdaq index declined by 3%.
Read more about WISH stock here.
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