As of last check, the price of ContextLogic Inc. (Nasdaq:WISH) shares was up 15.90% to $11.59 after closing at $10.00 on Friday. ContextLogic stock was fluctuating between $9.94 and $11.79. A total of 128.86 million shares were exchanged, higher than WISH stock’s year-to-date average daily volume of 15.14 million.
WISH has gained 20.63% in the last week, but has lost -46.35% over the past quarter. Today, the announcement that ContextLogic has partnered with a leading e-commerce platform boosted the WISH stock.
Who is ContextLogic partnered with?
As the fastest-growing global ecommerce platform headquartered in San Francisco and founded in 2010, ContextLogic connects millions of value-conscious shoppers from over 100 countries to over half a million merchants around the world. As part of its mission to create an engaging and personalized shopping experience for its users, WISH combines technology and data science capabilities with an innovative mobile discovery platform.
A partnership between ContextLogic and popular e-commerce platform PrestaShop was announced today.
- WISH will enable more than 300,000 merchants and brands on the PrestaShop platform to sell to millions of customers quickly and easily.
- With this new direct integration module, PrestaShop merchants can connect directly to WISH’s merchant dashboard as part of the PrestaShop platform.
- Products and orders will be synchronized between PrestaShop and WISH through the module.
- Additionally, PrestaShop merchants will have access to marketing and sales support as well as a number of special incentives.
Will the partnership benefit WISH?
“Trusted Partner” status will be granted to ContextLogic (WISH) on PrestaShop, as well as access to special landing pages for merchants. As a result of this partnership, WISH will provide Prestashop merchants with a global platform to conduct business and will be able to provide its own customers with even more quality merchants and brands.
