ContextLogic Ticker Symbol Will Change To 'LOGC' On May 13, 2024
Portfolio Pulse from Benzinga Newsdesk
ContextLogic Inc. announced its ticker symbol will change from 'WISH' to 'LOGC' on May 13, 2024, following the sale of its Wish e-commerce platform to Qube Network Pte. Ltd., a subsidiary of Qoo10 Pte. Ltd.

May 10, 2024 | 4:54 pm
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NEUTRAL IMPACT
ContextLogic's ticker symbol change to 'LOGC' reflects its recent sale of the Wish platform, indicating a strategic shift that could influence investor perception.
The change in ticker symbol from 'WISH' to 'LOGC' is a significant event that reflects the company's strategic redirection following the sale of its main e-commerce platform. This could lead to a neutral short-term impact as investors reassess the company's future prospects and strategy. The sale of the Wish platform and the subsequent ticker change are likely to be viewed as a major shift, but without immediate financial results or strategic outcomes, the short-term price direction is uncertain.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100