ContextLogic Inc. (NASDAQ:WISH - Get Free Report) shares fell 0.7% during mid-day trading on Wednesday . The stock traded as low as $7.37 and last traded at $7.46. 215,743 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 991,637 shares. The stock had previously closed at $7.51.
ContextLogic Trading Down 2.1 %
The company has a market cap of $169.57 million, a P/E ratio of -0.58 and a beta of 2.09. The company has a 50 day moving average price of $7.57 and a 200-day moving average price of $6.87.
Institutional Investors Weigh In On ContextLogic
A number of hedge funds have recently made changes to their positions in WISH. Point72 Asia Singapore Pte. Ltd. increased its position in ContextLogic by 238.4% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 30,088 shares of the company's stock worth $164,000 after purchasing an additional 21,198 shares in the last quarter. Barclays PLC increased its holdings in shares of ContextLogic by 3,723.7% during the third quarter. Barclays PLC now owns 46,190 shares of the company's stock worth $252,000 after buying an additional 44,982 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of ContextLogic by 6.8% during the third quarter. HighTower Advisors LLC now owns 54,442 shares of the company's stock worth $297,000 after buying an additional 3,467 shares in the last quarter. Quarry LP bought a new position in shares of ContextLogic in the 3rd quarter valued at $476,000. Finally, Geode Capital Management LLC boosted its holdings in shares of ContextLogic by 14.5% during the 3rd quarter. Geode Capital Management LLC now owns 266,688 shares of the company's stock valued at $1,454,000 after acquiring an additional 33,702 shares in the last quarter. 46.05% of the stock is currently owned by institutional investors and hedge funds.
About ContextLogic
(
Get Free Report)
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.
Recommended Stories
Before you consider ContextLogic, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ContextLogic wasn't on the list.
While ContextLogic currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
