Shares of ContextLogic Inc. WISH, -1.22% slipped 1.22% to $1.62 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.86% rising 1.86% to 3,973.75 and the Dow Jones Industrial Average DJIA, +1.98% rising 1.98% to 31,880.24. The stock’s fall snapped a two-day winning streak. ContextLogic Inc. closed $13.56 short of its 52-week high ($15.18), which the company reached on June 28th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Newegg Commerce Inc. NEGG, -2.86% fell 2.86% to $4.41, Overstock.com Inc. OSTK, -1.16% fell 1.16% to $27.22, and Shopify Inc. Cl A SHOP, +1.28% rose 1.28% to $368.49. Trading volume (9.7 M) remained 6.5 million below its 50-day average volume of 16.2 M.