Tower Research Capital LLC TRC Sells 5,644 Shares of ContextLogic Inc. (NASDAQ:WISH)

Tower Research Capital LLC TRC trimmed its position in shares of ContextLogic Inc. (NASDAQ:WISH) by 44.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,008 shares of the company’s stock after selling 5,644 shares during the quarter. Tower Research Capital LLC TRC’s holdings in ContextLogic were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Federated Hermes Inc. raised its holdings in ContextLogic by 1.8% in the 4th quarter. Federated Hermes Inc. now owns 193,818 shares of the company’s stock worth $1,153,000 after purchasing an additional 3,356 shares during the period. Bank of New York Mellon Corp raised its holdings in ContextLogic by 9.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 84,192 shares of the company’s stock worth $371,000 after purchasing an additional 7,322 shares during the period. SG Americas Securities LLC bought a new position in ContextLogic in the 3rd quarter worth $45,000. Deuterium Capital Management LLC bought a new position in ContextLogic in the 3rd quarter worth $55,000. Finally, New York Life Insurance Co. bought a new position in ContextLogic in the 3rd quarter worth $229,000. 46.05% of the stock is owned by institutional investors.

ContextLogic Stock Down 2.7 %

NASDAQ:WISH traded down $0.15 on Thursday, reaching $5.48. 1,373,998 shares of the company’s stock traded hands, compared to its average volume of 997,216. The stock has a 50-day simple moving average of $5.86 and a 200-day simple moving average of $5.32. The firm has a market cap of $133.71 million, a PE ratio of -0.41 and a beta of 2.09. ContextLogic Inc. has a 12 month low of $3.55 and a 12 month high of $9.90.

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

Insider Buying and Selling at ContextLogic

In other ContextLogic news, SVP Brett Just sold 7,999 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $6.31, for a total transaction of $50,473.69. Following the sale, the senior vice president now directly owns 6,859 shares of the company’s stock, valued at $43,280.29. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.20% 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.