Shares of ContextLogic Inc. WISH, -7.43% shed 7.43% to $4.43 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.04% rising 0.04% to 37,711.02 and the S&P 500 Index SPX, -0.07% falling 0.07% to 4,780.24.
This was the stock’s seventh consecutive day of losses.
ContextLogic Inc. closed $27.68 below its 52-week high ($32.10), which the company achieved on February 13th.
The stock underperformed when compared to some of its competitors Thursday, as Amazon.com Inc. AMZN, +0.94% rose 0.94% to $155.18 and Walmart Inc. WMT, -0.11% fell 0.11% to $161.11.
Trading volume (524,329) remained 363,375 below its 50-day average volume of 887,704.