Shares of ContextLogic Inc. WISH, +3.25% advanced 3.25% to $5.08 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.24% falling 0.24% to 4,350.65 and Dow Jones Industrial Average DJIA, -0.34% falling 0.34% to 34,378.34. The stock’s rise snapped a two-day losing streak. ContextLogic Inc. closed $27.77 short of its 52-week high ($32.85), which the company reached on January 28th.
The stock outperformed some of its competitors Tuesday, as Newegg Commerce Inc. NEGG, remained unchanged, Overstock.com Inc. OSTK, +1.38% rose 1.38% to $76.92, and Shopify Inc. Cl A SHOP, +0.02% rose 0.02% to $1,357.22. Trading volume (16.0 M) remained 23.1 million below its 50-day average volume of 39.1 M.