ContextLogic Inc. (NASDAQ:WISH – Get Rating) insider Pai Liu sold 95,289 shares of ContextLogic stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $1.68, for a total transaction of $160,085.52. Following the completion of the sale, the insider now directly owns 2,478 shares of the company’s stock, valued at $4,163.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Pai Liu also recently made the following trade(s):
- On Monday, June 6th, Pai Liu sold 90,000 shares of ContextLogic stock. The shares were sold at an average price of $2.00, for a total value of $180,000.00.
- On Monday, April 18th, Pai Liu sold 1,739 shares of ContextLogic stock. The stock was sold at an average price of $1.98, for a total value of $3,443.22.
Shares of NASDAQ:WISH opened at $1.87 on Friday. The stock’s fifty day simple moving average is $1.75 and its two-hundred day simple moving average is $2.30. ContextLogic Inc. has a 1-year low of $1.20 and a 1-year high of $15.18.
Institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC bought a new position in shares of ContextLogic in the first quarter valued at approximately $30,000. Foster Group Inc. bought a new position in ContextLogic in the 4th quarter valued at $31,000. Parametric Portfolio Associates LLC purchased a new stake in shares of ContextLogic during the 4th quarter valued at $33,000. Mount Yale Investment Advisors LLC bought a new stake in shares of ContextLogic during the 4th quarter worth $34,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of ContextLogic in the 1st quarter worth about $34,000. 27.33% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on WISH. Loop Capital downgraded ContextLogic from a “buy” rating to a “hold” rating and decreased their price objective for the company from $4.00 to $2.00 in a report on Tuesday, March 22nd. Credit Suisse Group decreased their price target on shares of ContextLogic from $12.00 to $9.50 and set an “outperform” rating for the company in a research note on Wednesday, March 2nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.22.
About ContextLogic (Get Rating)
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 users to merchants. It also provides marketplace and logistics services to merchants. The company was incorporated in 2010 and is headquartered in San Francisco, California.
Further Reading
- Get a free copy of the StockNews.com research report on ContextLogic (WISH)
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