Joanna Forster Sells 16,394 Shares of ContextLogic Inc. (NASDAQ:WISH) Stock

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

ContextLogic Stock Performance

WISH stock opened at $5.41 on Wednesday. The firm has a 50 day simple moving average of $5.79 and a 200 day simple moving average of $5.35. ContextLogic Inc. has a 52 week low of $3.55 and a 52 week high of $9.90.

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

Institutional Investors Weigh In On ContextLogic

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in ContextLogic during the third quarter valued at approximately $45,000. Deuterium Capital Management LLC bought a new position in shares of ContextLogic during the 3rd quarter valued at $55,000. Virtu Financial LLC acquired a new stake in shares of ContextLogic in the 4th quarter valued at $192,000. New York Life Insurance Co. bought a new stake in ContextLogic in the third quarter worth $229,000. Finally, Bank of New York Mellon Corp increased 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 last quarter. Institutional investors 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.