Shares of ContextLogic Inc.
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
rising 0.85% to 4,480.70 and the Dow Jones Industrial Average
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.
fell 0.58% to $17.20, Overstock.com Inc.
rose 1.18% to $70.21, and Shopify Inc. Cl A
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.