Published on 20 Nov 2021 on Market Watch
Shares of ContextLogic Inc. slipped 3.19% to $4.25 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.14% to 4,697.96 and Dow Jones Industrial Average falling 0.75% to 35,601.98. This was the stock's sixth consecutive day of losses. ContextLogic Inc. closed $28.60 short of its 52-week high ($32.85), which the company achieved on January 28th.
The stock underperformed when compared to some of its competitors Friday, as Newegg Commerce Inc. rose 3.08% to $17.38, Overstock.com Inc. rose 1.18% to $107.93, and Shopify Inc. Cl A rose 0.55% to $1,690.60. Trading volume (20.7 M) remained 14.0 million below its 50-day average volume of 34.8 M.