Site icon Market Globalist

Contextlogic Inc. (NASDAQ: WISH) stock rises during pre-market session. Let’s figure out why?



Contextlogic Inc. (NASDAQ: WISH) stock plunged by 0.84% at last close whereas the WISH stock price gains by 4.84% during pre-market session. WISH, which was established in 2010 and is headquartered in San Francisco, is one of the world’s biggest and fastest-growing ecommerce websites, linking millions of value-conscious shoppers in over 100 countries to over half a million merchants worldwide. WISH creates a highly visual, engaging, and customized shopping environment for its customers by combining technology and data science technologies with a creative discovery-based mobile shopping experience.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Upcoming Important Events

How does WISH works?

Wish’s e-commerce platform was created by ContextLogic. Unlike its rivals Amazon and Shopify, WISH is solely concerned with prices when it comes to its clients. Wish buys its low-cost, unbranded products directly from Chinese suppliers, avoiding the expense of branding, promotion, and customer service, which are passed on to customers. It does, without a doubt, have a business model that prioritizes low prices above all else, but it is remarkably popular. Wish, believe it or not, is the most used shopping app in more than 42 countries. It has a monthly active user base of over 107 million people.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free


Read More

WISH’s sales increased by 34% year over year to $2.5 billion last year, with a 193 percent rise in logistics revenue. Furthermore, WISH’s number of affiliate merchants increased by 435 percent to 550,000. Wish is available in over 100 countries, but it is particularly common in Europe, where it accounts for 46% of all sales. WISH executed a $1.1 billion IPO last year in order to expand its activities. Wish has found itself doing very well in a niche market for the time being.

Get The Best Stocks To Trade Every Day!

Join now to get the pre-market morning brief 100% free

Exit mobile version