![]() While most Americans want to put 2020 behind them…Īccording to Wall Street legend Marc Chaikin, life is about to get even stranger, and it could have a sizable impact on your wealth. ![]() (NASDAQ:WISH) with 1.8 million shares worth more than $24 million. Out of the hedge funds being tracked by Insider Monkey, New York-based firm JS Capital is a leading shareholder in ContextLogic Inc. (NASDAQ:WISH) stock but lowered the price target to $7.50 from $12, noting that the firm was having difficulty sustaining growth due to higher user churn and elevated ad rates. ![]() On August 23, investment advisory Citi maintained a Neutral rating on ContextLogic Inc. The shares plunged in value further over the past few months. However, in the following two days, the share price dropped drastically, sinking almost 16% and hovering around $19 at one point, before rebounding slightly. ![]() In late 2020, the company debuted on the stock market and raised more than $1 billion with a $24 per share price. The firm owns and operates a mobile ecommerce platform and is headquartered in California. (NASDAQ:WISH) is ranked fifth on our list of 10 IPOs that flopped.
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