ContextLogic Inc. (NASDAQ:WISH - Get Free Report)'s stock price traded up 0.6% during mid-day trading on Tuesday . The company traded as high as $7.88 and last traded at $7.77. 157,813 shares traded hands during trading, a decline of 84% from the average session volume of 991,637 shares. The stock had previously closed at $7.72.
ContextLogic Stock Down 3.4 %
The company has a market cap of $193.72 million, a P/E ratio of -0.66 and a beta of 2.09. The business has a fifty day moving average price of $7.21 and a 200-day moving average price of $6.39.
Institutional Investors Weigh In On ContextLogic
Institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC raised its position in shares of ContextLogic by 6.8% in the third quarter. HighTower Advisors LLC now owns 54,442 shares of the company's stock valued at $297,000 after buying an additional 3,467 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of ContextLogic in the third quarter valued at approximately $78,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of ContextLogic by 238.4% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 30,088 shares of the company's stock valued at $164,000 after buying an additional 21,198 shares in the last quarter. Geode Capital Management LLC raised its position in shares of ContextLogic by 14.5% in the third quarter. Geode Capital Management LLC now owns 266,688 shares of the company's stock valued at $1,454,000 after buying an additional 33,702 shares in the last quarter. Finally, Barclays PLC raised its position in shares of ContextLogic by 3,723.7% in the third quarter. Barclays PLC now owns 46,190 shares of the company's stock valued at $252,000 after buying an additional 44,982 shares in the last quarter. Institutional investors own 46.05% of the company's stock.
ContextLogic Company Profile
(
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.
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