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ContextLogic Inc. stock outperforms market on strong trading day

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Terrence Horan

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Shares of ContextLogic Inc. WISH, -1.87% rose 1.26% to $6.41 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.15% rising 0.85% to 4,480.70 and the Dow Jones Industrial Average DJIA, +0.10% rising 0.68% to 34,814.39. The stock's rise snapped a three-day losing streak. ContextLogic Inc. closed $26.44 short of its 52-week high ($32.85), which the company achieved on January 28th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Newegg Commerce Inc. NEGG, -3.97% fell 0.58% to $17.20, Overstock.com Inc. OSTK, +3.56% rose 1.18% to $70.21, and Shopify Inc. Cl A SHOP, -2.21% rose 1.63% to $1,474.94. Trading volume (30.7 M) remained 10.0 million below its 50-day average volume of 40.7 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.