Meme stocks are on the move today and ContextLogic (NASDAQ:WISH) shares are among them with rising prices alongside investor chatter.
We’re also seeing heavy trading of WISH stock today. This has some 91 million shares of the stock changing hands as of this writing. That’s quite the increase over its daily average trading volume of about 37 million shares.
Of course, we have to note that WISH stock is firmly in the penny category. That means any traders considering jumping in must do so with the knowledge that today’s pump could turn into a dump at any moment.
Keeping that in mind, here’s what investors are saying about meme stock WISH today.
WISH Stock Twitter Talk
— Antonio Costa (@ACInvestorBlog) October 20, 2021
$WISH technical analysis of the chart, shows the following resistance/support levels using fibonaci rules!
Interesting to see also that the breakout yesterday was somehow predictable based on the chart… share it all 😉 pic.twitter.com/Lcg9RPdhxr
— RM (@7777_youngmoney) October 20, 2021
The next squeeze?🍋
Huge discussion on @ChatterQuant along massive volume buys this afternoon🧐
I mentioned in a prior DD that we maybe have found the bottom in this name around $5 and it looks likely🔒
If we can clear resistance at 7,8 & 10 expect $20🚀 pic.twitter.com/jBIP9j3oKz
— John Trades (@JPATrades) October 20, 2021
Imagine buying $WISH at $12.00….wait I did that
— kevin (@DroptheKevz) October 15, 2021
— Philly1992 (@Philly19921) October 20, 2021
WISH stock is up 17.3% as of Wednesday afternoon but is still down 67.6% since the start of the year.
There’s more stock market news for investors to jump into below!
We’ve got all the latest stock market coverage that traders need to know about for Wednesday. That includes the news boosting Sesen Bio (NASDAQ:SESN) higher, why shares of Peloton (NASDAQ:PTON) are getting a boost, as well as what’s bringing Novavax (NASDAQ:NVAX) stock down. You can get all of those details from the following links!
More Stock Market News for Wednesday
- SESN News: Why Biotech Penny Stock Sesen Bio Is Skryocketing Today
- PTON Stock: The Good News That Has Peloton Shares Riding Higher Today
- NVAX Stock: The Huge Reason Novavax Is Plunging Today
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.
With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
Read More: Penny Stocks — How to Profit Without Getting Scammed