Walleye Trading LLC cut its position in ContextLogic Inc. (NASDAQ:WISH - Free Report) by 94.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,957 shares of the company's stock after selling 377,043 shares during the quarter. Walleye Trading LLC owned 0.09% of ContextLogic worth $125,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in WISH. Caprock Group LLC lifted its stake in ContextLogic by 859.1% in the 3rd quarter. Caprock Group LLC now owns 98,243 shares of the company's stock valued at $535,000 after purchasing an additional 88,000 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in ContextLogic during the 3rd quarter worth $78,000. Capricorn Fund Managers Ltd increased its holdings in ContextLogic by 1,210.6% in the 3rd quarter. Capricorn Fund Managers Ltd now owns 220,000 shares of the company's stock worth $1,199,000 after purchasing an additional 203,214 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in ContextLogic in the 2nd quarter worth about $46,000. Finally, AYAL Capital Advisors Ltd raised its position in ContextLogic by 560.7% in the second quarter. AYAL Capital Advisors Ltd now owns 679,028 shares of the company's stock valued at $3,483,000 after purchasing an additional 576,259 shares during the last quarter. 46.05% of the stock is currently owned by institutional investors and hedge funds.
ContextLogic Stock Performance
Shares of NASDAQ:WISH traded up $0.14 during midday trading on Friday, hitting $8.04. 209,920 shares of the stock were exchanged, compared to its average volume of 991,637. The business's 50-day moving average price is $6.46 and its 200 day moving average price is $5.84. The stock has a market capitalization of $196.16 million, a price-to-earnings ratio of -0.66 and a beta of 2.09. ContextLogic Inc. has a 12 month low of $3.55 and a 12 month high of $9.90.
ContextLogic Profile
(
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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