ContextLogic Inc WISH:NASDAQ

Last Price$1.60Cboe Real-Time Last Sale as of 3:52PM ET 5/17/22
Cboe Real-Time Quotes
Realtime quote and/or trade prices are not sourced from all markets
Today's Change+0.10(7.05%)
Bid (Size)$1.59 (34,055)
Ask (Size)$1.60 (31,420)
Day Low / High$1.52 - 1.61
Volume9.5 M

Social Buzz: Wallstreetbets Stocks Decline Following Broader Market; Peloton Climbs 8%

3:21PM ET 1/24/2022 MT Newswires
Wallstreetbets stocks suffered losses on Monday afternoon in line with the broader market, with the exception of Peloton (PTON), which broke away from the pack.

GameStop (GME) was down 9.3% after a 17% decline earlier in the day. Another meme stock AMC Entertainment (AMC) slipped 10.4%.

Tesla (TSLA) shares lost 6.4%. The US electric automaking giant has countersued JPMorgan Chase (JPM), responding to the bank's attempt to recover $162 million over a disputed stock warrants transaction, according to media reports.

Robinhood Markets (HOOD) continued its negative streak and fell 2.2%, and Palantir Technologies (PLTR) declined 6.5%.

Microsoft (MSFT) dropped 3.3%. The technology company is jointly launching a cross-platform "logistics as a service" with FedEx (FDX) for retailers, merchants, and brands as part of the multi-year partnership deal the companies signed in May 2020.

Apple (AAPL) dipped 3.2% after the Netherlands Authority for Consumers and Markets asked the iPhone giant to pay 5 million euros after failing to adjust its conditions for access to the Dutch App Store for dating-app providers. Both Microsoft and Apple are set to report their quarterly results this week.

Netflix (NFLX) sank 6.6% amid a slew of price target downgrades. Jefferies lowered its price target on Netflix to $415 from $737 while also downgrading its rating on the stock to a hold from a buy. Argus cut its price target to $570 From $720.

Peloton (PTON) climbed 7.6% on a report that Blackwells Capital has called on the exercise equipment company to fire its CEO and explore a sale.

ContextLogic (WISH) was off 6.7%.

Price: 96.51, Change: -9.85, Percent Change: -9.26