ContextLogic Inc. (NASDAQ:WISH) General Counsel Joanna Forster Sells 16,394 Shares

ContextLogic Inc. (NASDAQ:WISH) General Counsel Joanna Forster sold 16,394 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $5.45, for a total transaction of $89,347.30. Following the completion of the sale, the general counsel now directly owns 39,046 shares in the company, valued at $212,800.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

ContextLogic Price Performance

WISH opened at $5.41 on Wednesday. The business’s 50-day moving average price is $5.79 and its two-hundred day moving average price is $5.35. ContextLogic Inc. has a 1 year low of $3.55 and a 1 year high of $9.90.

ContextLogic (NASDAQ:WISH) last released its earnings results on Monday, March 4th. The company reported ($2.82) EPS for the quarter. The firm 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%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Cannell Capital LLC bought a new stake in ContextLogic during the 3rd quarter worth about $3,889,000. New York Life Insurance Co. bought a new stake in ContextLogic during the third quarter worth about $229,000. Bank of New York Mellon Corp raised its holdings 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 acquiring an additional 7,322 shares in the last quarter. SG Americas Securities LLC acquired a new position in ContextLogic during the third quarter valued at approximately $45,000. Finally, Federated Hermes Inc. grew its stake in ContextLogic by 1.8% in the fourth quarter. Federated Hermes Inc. now owns 193,818 shares of the company’s stock valued at $1,153,000 after purchasing an additional 3,356 shares in the last quarter. Institutional investors and hedge funds own 46.05% of the company’s stock.

ContextLogic Company Profile

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.