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Why Wish Stock Plunged Nearly 17% in December
Shares of e-commerce and logistics company ContextLogic (NASDAQ: WISH), commonly called Wish, plunged 16.6% in December, according to data provided by S&P Global Market Intelligence. The tough times for Wish started on Dec. 2 when Kunal Madhukar, an analyst with UBS, downgraded the stock from buy to neutral, according to The Fly. To summarize, Madhukar believes revenue will be challenged in 2022 and expenses will remain high.
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