Joanna Forster Sells 16,394 Shares of ContextLogic Inc. (NASDAQ:WISH) Stock

ContextLogic Inc. (NASDAQ:WISH) General Counsel Joanna Forster sold 16,394 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $5.45, for a total value of $89,347.30. Following the sale, the general counsel now owns 39,046 shares of the company’s stock, valued at $212,800.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

ContextLogic Price Performance

NASDAQ WISH opened at $5.30 on Thursday. The business has a fifty day moving average price of $5.75 and a two-hundred day moving average price of $5.36. ContextLogic Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $9.90. The stock has a market capitalization of $129.32 million, a PE ratio of -0.40 and a beta of 2.09.

ContextLogic (NASDAQ:WISH) last released its earnings results on Monday, March 4th. The company reported ($2.82) earnings per share for the quarter. ContextLogic had a negative return on equity of 102.51% and a negative net margin of 113.62%. The business had revenue of $53.00 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of ContextLogic during the third quarter worth $45,000. Deuterium Capital Management LLC acquired a new position in shares of ContextLogic during the third quarter worth $55,000. Virtu Financial LLC acquired a new position in shares of ContextLogic during the fourth quarter worth $192,000. New York Life Insurance Co. acquired a new position in shares of ContextLogic during the third quarter worth $229,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of ContextLogic by 9.5% during the third quarter. Bank of New York Mellon Corp now owns 84,192 shares of the company’s stock worth $371,000 after buying an additional 7,322 shares in the last quarter. 46.05% of the stock is currently owned by institutional investors and hedge funds.

ContextLogic Company Profile

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