ContextLogic (NASDAQ:WISH) Trading Up 1.7%

ContextLogic Inc. (NASDAQ:WISH)’s stock price was up 1.7% during trading on Friday . The company traded as high as $6.00 and last traded at $5.84. Approximately 1,494,820 shares changed hands during mid-day trading, an increase of 46% from the average daily volume of 1,025,979 shares. The stock had previously closed at $5.74.

ContextLogic Stock Up 1.7 %

The business’s fifty day moving average price is $6.00 and its 200 day moving average price is $5.24.

ContextLogic (NASDAQ:WISH) last announced its earnings results on Monday, March 4th. The company reported ($2.82) EPS for the quarter. The business had revenue of $53.00 million during the quarter. ContextLogic had a negative net margin of 113.62% and a negative return on equity of 102.51%.

Insider Buying and Selling

In related news, SVP Brett Just sold 7,999 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $6.31, for a total transaction of $50,473.69. Following the completion of the transaction, the senior vice president now directly owns 6,859 shares of the company’s stock, valued at $43,280.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its holdings in ContextLogic by 1.8% during the fourth quarter. Federated Hermes Inc. now owns 193,818 shares of the company’s stock worth $1,153,000 after purchasing an additional 3,356 shares in the last quarter. Tower Research Capital LLC TRC grew its position in ContextLogic by 51.1% during the third quarter. Tower Research Capital LLC TRC now owns 12,652 shares of the company’s stock worth $56,000 after buying an additional 4,277 shares during the period. Bank of New York Mellon Corp grew its position in ContextLogic by 9.5% during the third quarter. Bank of New York Mellon Corp now owns 84,192 shares of the company’s stock worth $371,000 after buying an additional 7,322 shares during the period. California State Teachers Retirement System grew its position in ContextLogic by 3.7% during the first quarter. California State Teachers Retirement System now owns 245,271 shares of the company’s stock worth $552,000 after buying an additional 8,786 shares during the period. Finally, SG Americas Securities LLC acquired a new position in ContextLogic during the third quarter worth about $45,000. 46.05% of the stock is owned by hedge funds and other institutional investors.

About ContextLogic

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.