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Published on 29 Nov 2021 on Market Watch

ContextLogic Inc. stock rises Monday, still underperforms market


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Shares of ContextLogic Inc. advanced 1.02% to $3.96 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.32% to 4,655.27 and the Dow Jones Industrial Average rising 0.68% to 35,135.94. ContextLogic Inc. closed $28.89 short of its 52-week high ($32.85), which the company reached on January 28th.

The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Newegg Commerce Inc. rose 4.23% to $20.68, Overstock.com Inc. fell 2.30% to $90.06, and Shopify Inc. Cl A fell 0.61% to $1,567.02. Trading volume (19.8 M) remained 14.1 million below its 50-day average volume of 34.0 M.

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