Why ContextLogic Stock Was Surging Earlier Today
Shares of ContextLogic (NASDAQ: WISH) were up 20% as of 10:25 a.m. ET on Thursday following the company's third-quarter earnings report. The price jump brings the stock's year-to-date performance to down 75% in 2022. ContextLogic operates a mobile shopping app that seeks to make browsing more fun, while saving consumers money.