New Zealand markets open in 1 hour 35 minutes
  • NZX 50

    11,137.88
    -19.78 (-0.18%)
     
  • NZD/USD

    0.6356
    +0.0046 (+0.73%)
     
  • ALL ORDS

    7,350.60
    +24.40 (+0.33%)
     
  • OIL

    112.09
    -2.11 (-1.85%)
     
  • GOLD

    1,813.40
    -0.60 (-0.03%)
     

Why Wish Stock Plunged Nearly 17% in December

·3-min read
Why Wish Stock Plunged Nearly 17% in December

Shares of e-commerce and logistics company ContextLogic (NASDAQ: WISH), commonly called Wish, plunged 16.6% in December, according to data provided by S&P Global Market Intelligence. The tough times for Wish started on Dec. 2 when Kunal Madhukar, an analyst with UBS, downgraded the stock from buy to neutral, according to The Fly. To summarize, Madhukar believes revenue will be challenged in 2022 and expenses will remain high.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting