ContextLogic Inc. (NASDAQ:WISH) Position Lifted by HighTower Advisors LLC

HighTower Advisors LLC increased its position in ContextLogic Inc. (NASDAQ:WISH) by 6.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,442 shares of the company’s stock after purchasing an additional 3,467 shares during the period. HighTower Advisors LLC owned 0.22% of ContextLogic worth $297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WISH. American Century Companies Inc. increased its position in ContextLogic by 19.2% in the second quarter. American Century Companies Inc. now owns 28,429 shares of the company’s stock worth $146,000 after buying an additional 4,578 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of ContextLogic during the second quarter worth about $46,000. Caprock Group LLC acquired a new stake in shares of ContextLogic in the 2nd quarter worth about $53,000. Deuterium Capital Management LLC lifted its position in ContextLogic by 106.1% in the 2nd quarter. Deuterium Capital Management LLC now owns 25,765 shares of the company’s stock valued at $132,000 after purchasing an additional 13,265 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in ContextLogic during the 3rd quarter valued at about $78,000. 46.05% of the stock is owned by institutional investors.

ContextLogic Stock Performance

Shares of WISH stock opened at $6.73 on Tuesday. ContextLogic Inc. has a 1 year low of $3.55 and a 1 year high of $9.90. The firm has a market capitalization of $164.20 million, a PE ratio of -0.56 and a beta of 2.09. The stock has a fifty day moving average of $6.78 and a two-hundred day moving average of $5.98.

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.