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Did ContextLogic Inc $WISH Stock Found its Bottom?

ContextLogic Inc, Wish announced the “appointment of Vijay Talwar as Chief Executive Officer and a member of the Company’s Board of Directors, effective February 1, 2022. Mr. Talwar succeeds Wish’s Founder and former CEO, Piotr Szulczewski, who will continue to serve the Company as a member of the Board.” Since the headline came out $WISH stock soared more than 20%. WISH is up 40% since its bottom of 52 weeks low price of $2.10 per share.

The trend on $WISH stock is bullish as of February 1st, 2022, which indicates the possible bottom of its 52-week low price.

Institutional Owners210 total, 188 long, 1 short, 21 long/short 
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WISH STOCK UPDATE: [stock_market_widget type=”inline” template=”generic” assets=”WISH” markup=”{name} ({symbol}) is trading at {price} ({change_pct}). {symbol} has the current dollar volume of {volume}, 52 weeks high of {52_week_high}, and 52 weeks low of {52_week_low} per share. There are currently {shares_outstanding} shares of {symbol} outstanding with the current market cap of {market_cap}. ” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”#297C0E” assets=”WISH” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” display_currency_symbol=”true” api=”yf”]

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