Shares of ContextLogic Inc.
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
rising 1.71% to 4,438.26 and the Dow Jones Industrial Average
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.
rose 2.20% to $14.38, Overstock.com Inc.
rose 3.51% to $76.40, and Shopify Inc. Cl A
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.