(June 9) ContextLogic surged over 40% as the company garnered more attention on the WallStreetBets Reddit forum.
The discussion sees ContextLogic as a potential short squeeze. Short interest fell from a high of 57% in early May to 12% this week, according to Markit data via Bloomberg.
Recent news: Last month, WISH stock dropped after the company reported mixed Q1 results with a downside sales forecast.
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