Shares of ContextLogic Inc. WISH, -8.74% slid 1.90% to $2.06 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -1.30% falling 0.43% to 4,259.52 and Dow Jones Industrial Average DJIA, -0.69% falling 0.34% to 33,174.07. The stock’s fall snapped a three-day winning streak. ContextLogic Inc. closed $18.05 short of its 52-week high ($20.11), which the company reached on March 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Newegg Commerce Inc. NEGG, -6.22% fell 1.43% to $4.82, Overstock.com Inc. OSTK, -10.04% fell 3.47% to $49.78, and Shopify Inc. Cl A SHOP, -1.59% fell 5.87% to $553.18. Trading volume (12.4 M) remained 10.8 million below its 50-day average volume of 23.2 M.