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 business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $5.45, for a total transaction of $89,347.30. Following the completion of the sale, the general counsel now directly owns 39,046 shares in the company, valued at $212,800.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

ContextLogic Stock Performance

Shares of ContextLogic stock traded down $0.14 on Monday, reaching $5.24. The company had a trading volume of 932,698 shares, compared to its average volume of 1,008,538. ContextLogic Inc. has a 52-week low of $3.55 and a 52-week high of $9.90. The firm’s 50 day moving average price is $5.82 and its two-hundred day moving average price is $5.34. The firm has a market cap of $127.86 million, a PE ratio of -0.39 and a beta of 2.09.

ContextLogic (NASDAQ:WISH) last announced 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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in ContextLogic during the 4th quarter worth approximately $192,000. Formation8 GP LLC acquired a new position in ContextLogic during the 4th quarter worth approximately $5,922,000. Charles Schwab Investment Management Inc. grew its holdings in ContextLogic by 54.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 865,772 shares of the company’s stock worth $5,151,000 after acquiring an additional 306,024 shares in the last quarter. Federated Hermes Inc. grew its holdings in 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 acquiring an additional 3,356 shares in the last quarter. Finally, Cannell Capital LLC acquired a new position in shares of ContextLogic in the 3rd quarter valued at $3,889,000. Institutional investors and hedge funds 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.