Is that why ContextLogic Inc. (Wish) is dropping low this morning?

ContextLogic Inc. (Wish) stock is trending today while it glided -4.28% to 22.16 in the morning session. It is not clear why this stock is plunging today other than “Unsure investors.” In fact, so far recently, the news directly impacting stocks is only the appointment of Ms.Jacqueline Reses as a director on December 18, 2020. Ms. Reses is a seasoned executive with extensive experience serving on the board of public companies and internationally.

“We are delighted to welcome Jacqueline Reses to our board of directors. Her extensive work

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with SMBs and her knowledge of international e-commerce will be highly beneficial for our company,” said Wish Founder, CEO, and Chairperson Peter Szulczewski.

Meanwhile, I’m thrilled to join ContextLogic Inc. (Wish), the distinguished board and look forward to drawing upon my experience as a financial executive, director and part of the Board of Directors. I focus on working with the company’s transition into going public and bringing global scale to Mobile Commerce. said Reses said in a statement.

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