ContextLogic Inc. (NASDAQ:WISH) Director Hans Tung Sells 166,666 Shares of Stock

ContextLogic Inc. (NASDAQ:WISH) Director Hans Tung sold 166,666 shares of the company’s stock in a transaction on Monday, November 22nd. The stock was sold at an average price of $4.10, for a total transaction of $683,330.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Hans Tung also recently made the following trade(s):

  • On Wednesday, November 24th, Hans Tung sold 166,668 shares of ContextLogic stock. The shares were sold at an average price of $3.94, for a total transaction of $656,671.92.
  • On Wednesday, September 15th, Hans Tung sold 347,010 shares of ContextLogic stock. The shares were sold at an average price of $6.36, for a total transaction of $2,206,983.60.
  • On Monday, September 13th, Hans Tung sold 347,009 shares of ContextLogic stock. The shares were sold at an average price of $6.63, for a total transaction of $2,300,669.67.
  • On Thursday, September 9th, Hans Tung sold 220,899 shares of ContextLogic stock. The shares were sold at an average price of $7.05, for a total transaction of $1,557,337.95.

NASDAQ:WISH opened at $3.97 on Thursday. ContextLogic Inc. has a fifty-two week low of $3.57 and a fifty-two week high of $32.85. The stock has a market capitalization of $2.55 billion and a P/E ratio of -1.12. The company’s 50-day simple moving average is $5.30 and its 200-day simple moving average is $8.11.

ContextLogic (NASDAQ:WISH) last released its quarterly earnings results on Wednesday, November 10th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.05. ContextLogic had a negative net margin of 33.67% and a negative return on equity of 91.67%. Equities analysts expect that ContextLogic Inc. will post -0.66 earnings per share for the current fiscal year.

WISH has been the topic of several recent analyst reports. Cowen reduced their target price on shares of ContextLogic from $10.00 to $6.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 2nd. Oppenheimer downgraded shares of ContextLogic from a “market perform” rating to an “underperform” rating and set a $4.00 target price on the stock. in a research note on Monday, October 4th. Zacks Investment Research downgraded shares of ContextLogic from a “buy” rating to a “hold” rating in a research note on Thursday, November 18th. Stifel Nicolaus reduced their target price on shares of ContextLogic from $7.00 to $5.00 and set a “hold” rating on the stock in a research note on Thursday, November 11th. Finally, Credit Suisse Group reduced their price target on shares of ContextLogic from $19.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 9th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $13.77.

Several large investors have recently added to or reduced their stakes in WISH. Northern Trust Corp bought a new stake in shares of ContextLogic in the 1st quarter valued at about $1,454,000. Bank of New York Mellon Corp bought a new stake in shares of ContextLogic in the 1st quarter valued at about $464,000. Royal Bank of Canada boosted its stake in ContextLogic by 2,293.0% in the 1st quarter. Royal Bank of Canada now owns 60,663 shares of the company’s stock worth $958,000 after purchasing an additional 58,128 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in ContextLogic in the 1st quarter worth approximately $291,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in ContextLogic in the 1st quarter worth approximately $2,383,000. Institutional investors and hedge funds own 26.51% of the company’s stock.

ContextLogic Company Profile

ContextLogic Inc operates as a mobile ecommerce company in Europe, North America, South America, and internationally. The company operates Wish platform that connects users to merchants. It also provides marketplace and logistics services to merchants. The company was incorporated in 2010 and is headquartered in San Francisco, California.

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Insider Buying and Selling by Quarter for ContextLogic (NASDAQ:WISH)

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