ContextLogic (NASDAQ:WISH) Stock Price Up 1.7%

ContextLogic Inc. (NASDAQ:WISH)’s share price traded up 1.7% on Friday . The company traded as high as $6.00 and last traded at $5.84. 1,494,820 shares were traded during trading, an increase of 46% from the average session volume of 1,025,979 shares. The stock had previously closed at $5.74.

ContextLogic Stock Performance

The stock has a fifty day simple moving average of $6.00 and a two-hundred day simple moving average of $5.24. The stock has a market capitalization of $142.50 million, a price-to-earnings ratio of -0.44 and a beta of 2.18.

ContextLogic (NASDAQ:WISH) last issued its quarterly 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.

Insiders Place Their Bets

In other news, SVP Brett Just sold 7,999 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $6.31, for a total transaction of $50,473.69. Following the transaction, the senior vice president now owns 6,859 shares of the company’s stock, valued at approximately $43,280.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On ContextLogic

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. boosted its position in shares of ContextLogic by 1.8% during the 4th quarter. Federated Hermes Inc. now owns 193,818 shares of the company’s stock worth $1,153,000 after purchasing an additional 3,356 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of ContextLogic by 51.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 12,652 shares of the company’s stock worth $56,000 after purchasing an additional 4,277 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of ContextLogic by 9.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 84,192 shares of the company’s stock worth $371,000 after purchasing an additional 7,322 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of ContextLogic by 3.7% during the 1st quarter. California State Teachers Retirement System now owns 245,271 shares of the company’s stock worth $552,000 after purchasing an additional 8,786 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of ContextLogic during the 3rd quarter worth about $45,000. Institutional investors own 46.05% 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, 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.