The Traderszone Network

Published in TZ Latest News 26 June, 2021 by The TZ Newswire Staff

Is ContextLogic a Meme Stock That Will Grant Your Wish?

In the past month, shares of online shopping platform ContextLogic (NASDAQ: WISH), operating as Wish, are up over 40% on strong volume. The buying frenzy mostly comes from traders in the r/WallStreetBets community, who have identified the company as a “meme stock” due to its eccentric business model and high short-selling interest. Over 7% of the company’s shares outstanding are sold short.  

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