Shares of ContextLogic Inc. WISH, -0.27% shed 0.27% to $0.48 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +0.59% rising 0.59% to 3,844.82 and the Dow Jones Industrial Average DJIA, +0.53% rising 0.53% to 33,203.93. This was the stock’s second consecutive day of losses. ContextLogic Inc. closed $3.06 below its 52-week high ($3.54), which the company reached on December 27th.
The stock underperformed when compared to some of its competitors Friday, as Amazon.com Inc. AMZN, +1.74% rose 1.74% to $85.25 and Walmart Inc. WMT, +0.20% rose 0.20% to $143.77. Trading volume (16.3 M) remained 3.6 million below its 50-day average volume of 19.9 M.