Investors Purchase High Volume of ContextLogic Call Options (NASDAQ:WISH)

ContextLogic Inc. (NASDAQ:WISHGet Free Report) was the recipient of unusually large options trading activity on Monday. Stock traders acquired 10,182 call options on the company. This is an increase of approximately 421% compared to the typical volume of 1,955 call options.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Federated Hermes Inc. raised its position in shares of ContextLogic by 1.8% during the fourth quarter. Federated Hermes Inc. now owns 193,818 shares of the company’s stock valued at $1,153,000 after buying an additional 3,356 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of ContextLogic by 51.1% during the third quarter. Tower Research Capital LLC TRC now owns 12,652 shares of the company’s stock valued at $56,000 after buying an additional 4,277 shares during the last quarter. Strs Ohio acquired a new position in shares of ContextLogic during the second quarter valued at about $29,000. Bank of New York Mellon Corp raised its position in shares of ContextLogic by 9.5% during the third quarter. Bank of New York Mellon Corp now owns 84,192 shares of the company’s stock valued at $371,000 after buying an additional 7,322 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in shares of ContextLogic by 3.7% during the first quarter. California State Teachers Retirement System now owns 245,271 shares of the company’s stock valued at $552,000 after buying an additional 8,786 shares during the last quarter. Institutional investors and hedge funds own 39.55% of the company’s stock.

ContextLogic Price Performance

ContextLogic stock opened at $6.26 on Tuesday. ContextLogic has a fifty-two week low of $3.55 and a fifty-two week high of $32.10. The firm has a fifty day moving average price of $5.11 and a two-hundred day moving average price of $5.04.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on WISH shares. Loop Capital raised shares of ContextLogic from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Citigroup raised shares of ContextLogic from a “sell” rating to a “neutral” rating in a research report on Thursday, November 9th.

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About ContextLogic

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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.

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