ContextLogic Inc. (NASDAQ:WISH - Get Free Report)'s stock price fell 3.1% during trading on Thursday . The stock traded as low as $6.56 and last traded at $6.73. 573,841 shares changed hands during trading, a decline of 42% from the average session volume of 991,637 shares. The stock had previously closed at $6.95.
ContextLogic Stock Performance
The company has a 50 day simple moving average of $7.30 and a 200 day simple moving average of $7.03. The company has a market capitalization of $165.42 million, a PE ratio of -0.57 and a beta of 2.09.
Hedge Funds Weigh In On ContextLogic
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC grew its position in shares of ContextLogic by 3,723.7% during 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 in the last quarter. Geode Capital Management LLC grew its position in shares of ContextLogic by 14.5% during the third quarter. Geode Capital Management LLC now owns 266,688 shares of the company's stock worth $1,454,000 after buying an additional 33,702 shares in the last quarter. Finally, HighTower Advisors LLC grew 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 worth $297,000 after buying an additional 3,467 shares in the last quarter. 46.05% of the stock is owned by institutional investors and hedge funds.
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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