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ContextLogic Inc. stock falls Thursday, underperforms market

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Terrence Horan

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Shares of ContextLogic Inc. WISH, +14.47% sank 0.39% to $5.16 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.37% rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA, +0.43% rising 1.56% to 34,912.56. The stock's fall snapped a two-day winning streak. ContextLogic Inc. closed $27.69 below its 52-week high ($32.85), which the company achieved on January 28th.

The stock underperformed when compared to some of its competitors Thursday, as Newegg Commerce Inc. NEGG, +5.48% rose 2.20% to $14.38, Inc. OSTK, +2.36% rose 3.51% to $76.40, and Shopify Inc. Cl A SHOP, +0.12% rose 0.56% to $1,406.75. Trading volume (18.1 M) remained 20.7 million below its 50-day average volume of 38.7 M.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.