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Go to Watchlist. No Recent Tickers Visit a quote page and your recently viewed tickers will be displayed here. Search Tickers. MarketWatch Dow Jones. ET by MarketWatch Automation. ET by Tomi Kilgore. Wish stock dives as holiday sales miss, layoffs planned Mar.
ET by Jeremy C. Wish founder to step down as CEO amid another sales miss, disappointing holiday forecast Nov. ContextLogic downgraded to underperform from perform at Oppenheimer Oct. Wish dives toward a record low as analyst downgrades after disappointing earnings report Aug.
ContextLogic downgraded to perform from outperform at Oppenheimer Aug. ContextLogic double downgraded to underweight from overweight at J. Morgan Aug. ET by Thornton McEnery. ET by Philip van Doorn. No Headlines Available. Other News Press Releases. ET on InvestorPlace. ET on Motley Fool. ET on StockNews. ET on Benzinga. ET on Zacks. Earnings Scheduled For May 5, May. Close Search Overlay. Search Clear.
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Get In Touch. The stock plunged in , owing to its deteriorating profitability on the back of its underperforming business segments and a drastic change in leadership in the second-half of GME Swap Short:. Trade now. AAPL GOOG TSLA What is your sentiment on WISH? Vote to see Traders sentiment! Market sentiment: Bullish Bearish. You voted bullish. You voted bearish. Give WISH a try. Start trading.
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When you look at other e-commerce stocks, you can see a similar story. Does this mean e-commerce has become less attractive? The reality is that the pandemic helped create unique conditions for the supply-demand discrepancy that exists. Interviewed on Fox Business , the executive director of the Port of Los Angeles, Gene Seroka, commented about the tens of thousands of ships that are waiting to offload their cargo.
This backlog, which accounts for approximately one-quarter of all American imports is creating wait times for ships to unload of up to three weeks. I expect that the American consumer will adapt. They have a strong track record of doing just that. This may create other issues for the economy in general and companies like ContextLogic in particular. However, those problems are for another day.
I understand that investors may have FOMO. They want to make sure they own WISH stock so they can be on the ground floor when and if the stock moves higher. But the reality on the ground is that investors have plenty of time until the supply chain gets back to normal. On the date of publication, Chris Markoch did not have either directly or indirectly any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.
Chris Markoch is a freelance financial copywriter who has been covering the market for seven years. He has been writing for InvestorPlace since Search markets. News The word News.
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Wish is an American online e-commerce platform for transactions between sellers and buyers. Wish was founded in by Piotr Szulczewski and Danny Zhang. Wish is operated by ContextLogic Inc. in San Francisco, United States. The 5 analysts offering month price forecasts for ContextLogic Inc have a median target of , with a high estimate of and a low estimate of Based on 5 Wall Street analysts offering 12 month price targets for ContextLogic in the last 3 months. The average price target is $ with a high forecast of.