ContextLogic reported an adjusted EBITDA loss of $118 million, wider than the year-ago loss of $116 million. Here's how shopping on Wish, the $8.7 billion site that sells Chinese goods at rock-bottom prices, compares to Amazon Dennis Green 2019-04-16T14:35:00Z Currency in USD, Trade prices are not sourced from all markets. Founded in 2010, San Francisco-based ContextLogic (NASDAQ:WISH) is a fast-growing global e-commerce platform focusing on discounted goods. German-based Mytheresa joins growing list of e-commerce retailers going public, JPMorgan sees ‘significant growth potential’ for Wish shopping app, Stock in ContextLogic, Wish.com’s Parent, Falls as Analysts Weigh In, Poshmark IPO: 5 things to know about the online marketplace before it goes public, Weekend reads: Buy Nio’s stock instead of Tesla, Wish says improvements address customer complaints about delivery and other issues, ContextLogic’s 1Q Revenue Outlook Exceeds Expectations After 4Q Beat; Shares Rise, ContextLogic (WISH) Receives a Rating Update from a Top Analyst, Oppenheimer Thinks ContextLogic’s Stock is Going to Recover, Daniel Loeb's Third Point 4th-Quarter Investor Letter, ContextLogic Has Nothing to Do With Retail, ContextLogic: WISH Stock Could Deserve A Place on Your Wish List, Even After This Great Run, WISH Stock Still Has a Little Higher to Climb, Don’t Write Off the ContextLogic-Wish IPO As a Flop, With Slowing Growth and Mounting Losses, Give ContextLogic a Pass, J.P. Morgan Predicts 30%-Plus Rally for These 2 Stocks, Top Analyst Upgrades and Downgrades: Airbnb, ADM, ContextLogic, CrowdStrike, Datadog, Exxon, Kinder Morgan, Salesforce, Walgreens and More, ContextLogic (WISH) Receives a New Rating from a Top Analyst, WISH Stock Still Has Potential Despite a Dud IPO. Here's what it's like to shop on the site. Nike, FedEx, AMD, Lennar, and Other Stocks to Watch This Week, Fewer people take a ‘wait and see’ approach to COVID-19 vaccine — here’s what changed their minds, 4 in 10 jobless workers are experiencing long-term unemployment — and Asian Americans are hardest hit, One year after COVID-19 was declared a pandemic, is the U.S returning to normal? Furthermore, TipRanks data shows that financial blogger opinions are 75% Bullish, compared to a sector average of 69%. Help/FAQ Company Blog Contact Careers Privacy Policy Accessibility Statement Tax Policy Terms of Use Return Policy Sell on Wish Intellectual Property Categories. The company leverages a global … Wish IPO: 11 Things for Potential WISH Stock Investors to Know. NEW YORK, NY / ACCESSWIRE / March 8, 2021 / ContextLogic Inc - Ordinary Shares - Class A (NASDAQ:WISH) will be discussing their earnings results in their 2021 Fourth Quarter Earnings call to be held on March 8, 2021 at 5:00 PM Eastern Time.To listen to the event live or access a replay of the call - visit https://www. The company operates a digital shopping mall and leverages a global supply chain of direct suppliers to avoid retail overhead costs. ContextLogic stock price target cut to $22 from $26 at Deutsche Bank Mar. Why did the price of shipping change when I added the item to my cart? A $399 waterproof Wi-Fi camera, just $89! successful public offerings of tech industry counterparts . Analysts were anticipating a loss of $3.03 per share. View the latest ContextLogic Inc. (WISH) stock price, news, historical charts, analyst ratings and financial information from WSJ. Wish Wholesale is a 1-stop shop designed to help local businesses succeed by simplifying the sourcing process. However, other merchandise I received was not even worth the price of the shipping, and as such, the 2 stars. The stars are bonus for the responsiveness of the team. Wish Stock. -1.83 (-10.3%) DATA AS OF Mar 08, 2021. +0.63 (+3.68%) DATA AS OF Mar 05, 2021. By using this site you agree to the At $8.5 Billion, Shopping App 'Wish' Is Now Worth More Than Sears, Macy's And JC Penney Combined Have Watchlists? Subscribe to Premium to view Fair Value for WISH, Shares of ContextLogic were up 4.8% in Tuesday’s pre-market session as the online e-commerce platform provided 1Q revenue guidance that topped the Street’s estimates. © 2021 Verizon Media. Wish is operated by ContextLogic Inc. in San Francisco, United States.The platform employs browsing technologies which personalise shopping visually for each customer, rather than relying on a search … ContextLogic, Inc. engages in the operation of an online marketplace, that include Geek, Mama, Home, Cute, and Joyful Shopping. The average analyst price target of $24.90 implies upside potential of over 56% to current levels. Wish is an American online e-commerce platform that facilitates transactions between sellers and buyers. Shopify’s Walmart Deal Is Helping Both Retailers. wish.com | E-Commerce | Founded: 2010 | Funding to Date: $1.5B. The store changed the price of the item. Many Americans say their finances will take years to recover, ‘A life-changing achievement’ — what the $1.9 trillion COVID bill means for families with kids, The most frequently asked questions by Robinhood traders reveal ‘new type of uninformed equity-market participant’, ContextLogic stock price target cut to $22 from $26 at Deutsche Bank, ContextLogic started at buy with $26 stock price target at BofA Securities, ContextLogic started at buy with $28 stock price target at UBS, ContextLogic started at hold with $22 stock price target at Stifel Nicolaus, ContextLogic started at overweight with $30 stock price target at J.P. Morgan, ContextLogic started at outperform with $30 stock price target at Oppenheimer, ContextLogic started at buy with $26 stock price target at Deutsche Bank, ContextLogic's stock opens at $22.75, or 5.2% below IPO price, ContextLogic stock rises as revenue tops Street view, ThredUp has confidentially filed to go public. Backed by popular demand from the Wish app, each of our products is guaranteed to fly off your shelves. Text. Log in to see them here or sign up to get started. 100+ bought this. The convenience of using the service. Create a list of the investments you want to track. Sold Out. See all 11 articles Pricing. Get started today! Nasdaq 100. Something went wrong while loading Watchlist. Start trading right away with instant deposits. (WISH) Nasdaq Listed. Copyright © 2021 MarketWatch, Inc. All rights reserved. E-commerce marketplace Wish completed its initial public offering, selling 46 million shares at $24 each. View which stocks have been most impacted by COVID-19. The main direction of the platform is to sell goods from China and other Asian countries at the manufacturer’s price. This browser is no longer supported at MarketWatch. It has since bounced slightly to 4.7% below the IPO price in recent trade. Discover historical prices for WISH stock on Yahoo Finance. home … Some items may be on sale or part of a limited-time promotion. The opening trade was $22.75 per share, below its … ContextLogic's stock was trading at $0.3601 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. (See ContextLogic stock analysis on TipRanks) Following the results, Oppenheimer analyst Jason Helfstein lowered the stock’s price target to $25 (56.8% upside potential) from $30, “on broad peer multiple compression, despite a solid inaugural earnings print and outlook, that should quell investor concerns over recent volatility around revenue.” In a note to investors, the analyst said, “We believe WISH will continue to invest heavily in scaling Logistics offering (Logistics-as-a-Service pilot launched in 4Q). Having found what I wanted, I looked carefully at the item’s description: this is key when shopping on Wish as it tells you how many items to expect, size, color, etc. Shares of “WISH… There’s no shortage of great deals online, making bargain shopping a favorite pastime of many. As for 1Q, ContextLogic forecasts revenues in the range of $735-750 million, much higher than consensus estimates of $668.3 million. You can use the privileges of online purchasing on Wish both from your home computer and from your smartphone. What is the Wish Quiz Game? electronics. Why didn't I get the full 50% discount? bags accessories. Shares of discount e-commerce marketplace Wish dropped 16.4% in the company's market debut Wednesday. Nasdaq 100. Since then, WISH stock has increased by 5,076.3% and is now trading at $18.64. Investors Should Take a Closer Look. Add to Portfolio. Privacy Notice, and ContextLogic Inc. (d/b/a "Wish"), one of the world’s largest and fastest growing mobile ecommerce platforms, today reported financial results for its fourth quarter and fiscal year ended December 31, 2020. One of the popular sites you’ve most likely heard of is Wish.com, and you may have been wondering, “Is Wish legit?”. The wish team wanted several pictures of the item (clearly not matching the original picture) as well as the packaging and label. $15.94. Contact, Terms, Policies & More. All rights reserved. There are currently no items in this Watchlist. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Sold Out. $8. WISH Stock IPO: When Does Wish Go Public? Shares have declined 20.5% since the company was listed on the NASDAQ on Dec. 16, 2020. The company’s CEO, Peter Szulczewski, said, “Our efforts to improve buyer monetization and engage with high lifetime value customers drove strong year over year and sequential growth in Core Marketplace Revenue per Active Buyer.” However, the company reported a loss of $3.04 per share in the fourth quarter, compared to a loss of $1.20 per share in the year-ago quarter. Add to Watchlist. Stores have the ability to edit their item prices at any time, so it’s possible that the store changed the item’s price between the time you first added it to your cart and when you checked out. By clicking 'Log In', 'Facebook', 'Google' or 'Apple' you agree to the Wish Terms of Use and Privacy Policy. ET by Tomi Kilgore ContextLogic stock rises as revenue tops Street view $229 stilettos for the low, low price … Related News:Syndax Posts Better-Than-Feared Quarterly Loss, Sales Beat EstimatesShift Technologies’ 1Q Sales Outlook Tops Estimates After 4Q Beat; Shares Pop 10%National Cinemedia Sinks 10% On Worse-Than-Feared 4Q Loss, Sales Plunge 89% More recent articles from Smarter Analyst: Gap Could Exit China Amid Sluggish Sales – Report Benefitfocus’ 1Q Sales Outlook Misses Estimates After 4Q Beat Tuesday’s Pre-Market: Here’s What You Need To Know Before The Market Opens FDA Approves New Drug Application For Ultragenyx’s mRNA Therapy; Shares Drop. On the smartphone shopping app Wish, everything is a bargain: A $2,470 man’s watch for $69! Wish was founded in 2010 by Piotr Szulczewski (CEO) and Danny Zhang (former CTO).. 2. What is the Wish IPO Price Range? $3.85. I was refunded my money based on my description and photos. Add to Watchlist. What is an Add On Item? While there may not be 100 million members paying $119 per year to come to the app to stock up on everything from groceries to books to paper towels à la Amazon Prime, Wish … Contact, Terms, Policies & More. Top-line growth was driven by robust demand for its Marketplace and Logistics services. I then read some of the Wish.com reviews of the product and looked at pictures posted by buyers, not the seller. We will consider in detail Wish online shop in English, its interface, optional features, and main functions. Data is currently not available. ContextLogic Inc. Class A Common Stock (WISH) Nasdaq Listed. Founded in 2010 and headquartered in San Francisco, Wish is a leading e-commerce platform, putting a digital shopping mall of affordable goods directly in the pockets of consumers worldwide. The company was founded by Peter Szulczewski and Danny Zhang in June 2010 and is headquartered in San Francisco, CA. $4.83. The item was discounted for a limited time. 10+ bought this. Contact, Terms, Policies & More. The company went public on a … Since going public in mid-December 2020, WISH stock … Wish - Shopping Made Fun. Go to site. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. All quotes are in local exchange time. Wish, which is expected to price Tuesday and start trading the following day, could get a lift from the . It seemed legit and people were pleased overall. $17.77. For the best MarketWatch.com experience, please update to a modern browser.