ContextLogic (NASDAQ:WISH) stock is on the rise Monday morning as it continues to be a favorite with meme investors.
With that extra interest from Reddit and other traders that frequent social media, there’s no denying that WISH stock is gaining traction. We can see that today with heavy trading of the shares. As of this writing, more than 60 million shares of the stock have changed hands. That’s already well above its daily average trading volume of about 30.1 million shares.
Of course, with all this heavy trading comes more talk about WISH stock online. Here’s what a few traders on Twitter (NSE:TWTR) have to say about the movement.
WISH Stock Talk
If you sell $WISH you have a little d. No cap
— Zack Morris (@MrZackMorris) June 18, 2021
— Yates Investing (@yatesinvesting) June 15, 2021
I’LL BUY ONE SHARE OF $WISH PER LIKE ON THIS TWEET WITH PROOF!
— 𝒫𝓇𝑜𝓅𝒽𝒾𝓉𝒸𝓎 ❖ (@Prophitcy) June 15, 2021
— Geo (@geovinyl) June 21, 2021
— MontanaManagement (@TonyMontana1023) June 21, 2021
Investors piling into WISH stock looking for gains might want to stick around after all the excitement is over. There’s a good argument for the stock still being worth investing in outside of all this recent trading. That’s thanks to its business model of offering cheap products for cheap prices that is drawing in customers.
It’s worth noting that WISH stock is incredibly volatile right now. As such, investors will want to be wary. While the stock is above the $10 price point that would make it a penny stock, it’s only barely and it hasn’t been there long.
WISH stock was up 6.1% as of Monday morning but is down 37.2% since the start of the year.
Investors looking for more recent stock market news can keep reading.
There’s plenty to talk about today thanks to a busy start to the trading week. That includes the latest news concerning Torchlight Energy Resources (NASDAQ:TRCH), Bitcoin (CCC:BTC-USD), and SafeMoon (CCC:SAFEMOON-USD). You can learn all about that at the following links!
More Monday Market News
- TRCH Stock: The Big News That Has Torchlight Energy Soaring Today
- Latest Bitcoin News: 3 Top Headlines as BTC Takes a Beating Today
- #SafeMoonSqueeze: Crypto Fans Are Betting That SafeMoon Will Be the Next AMC Stock
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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