ContextLogic Inc. (NASDAQ:WISH – Get Free Report)’s share price was up 0.6% during mid-day trading on Tuesday . The company traded as high as $7.88 and last traded at $7.77. Approximately 157,813 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 991,637 shares. The stock had previously closed at $7.72.
ContextLogic Stock Up 0.6 %
The business’s 50-day simple moving average is $7.20 and its 200-day simple moving average is $6.35. The stock has a market cap of $189.57 million, a PE ratio of -0.65 and a beta of 2.09.
Hedge Funds Weigh In On ContextLogic
Several hedge funds have recently made changes to their positions in WISH. Barclays PLC lifted its holdings in ContextLogic by 3,723.7% in the third quarter. Barclays PLC now owns 46,190 shares of the company’s stock worth $252,000 after buying an additional 44,982 shares during the period. Geode Capital Management LLC raised its position in shares of ContextLogic by 14.5% in the 3rd quarter. Geode Capital Management LLC now owns 266,688 shares of the company’s stock worth $1,454,000 after acquiring an additional 33,702 shares in the last quarter. Quarry LP purchased a new position in shares of ContextLogic in the 3rd quarter valued at approximately $476,000. HighTower Advisors LLC boosted its position in shares of ContextLogic by 6.8% during the third quarter. HighTower Advisors LLC now owns 54,442 shares of the company’s stock valued at $297,000 after purchasing an additional 3,467 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in ContextLogic by 238.4% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 30,088 shares of the company’s stock worth $164,000 after purchasing an additional 21,198 shares during the period. 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.
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