ContextLogic Inc. (NASDAQ:WISH - Get Free Report) shares shot up 2.5% during trading on Friday . The company traded as high as $7.47 and last traded at $7.38. 305,030 shares changed hands during trading, a decline of 69% from the average session volume of 991,637 shares. The stock had previously closed at $7.20.
ContextLogic Trading Up 2.5 %
The stock has a 50 day moving average of $7.06 and a 200-day moving average of $7.12. The stock has a market capitalization of $180.06 million, a P/E ratio of -0.62 and a beta of 2.09.
Institutional Trading of ContextLogic
A hedge fund recently raised its stake in ContextLogic stock. Geode Capital Management LLC boosted its stake in shares of ContextLogic Inc. (NASDAQ:WISH - Free Report) by 14.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 266,688 shares of the company's stock after purchasing an additional 33,702 shares during the quarter. Geode Capital Management LLC owned about 1.09% of ContextLogic worth $1,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 46.05% of the stock is currently owned by institutional investors.
About ContextLogic
(
Get Free Report)
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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