Quarry LP Purchases Shares of 87,280 ContextLogic Inc. (NASDAQ:WISH)

Quarry LP bought a new position in ContextLogic Inc. (NASDAQ:WISH) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 87,280 shares of the company’s stock, valued at approximately $476,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of ContextLogic by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 1,194,834 shares of the company’s stock worth $6,799,000 after acquiring an additional 54,834 shares in the last quarter. Steel Partners Holdings L.P. boosted its holdings in shares of ContextLogic by 981.8% in the 2nd quarter. Steel Partners Holdings L.P. now owns 799,713 shares of the company’s stock worth $4,103,000 after buying an additional 725,789 shares during the last quarter. AYAL Capital Advisors Ltd boosted its holdings in shares of ContextLogic by 560.7% in the 2nd quarter. AYAL Capital Advisors Ltd now owns 679,028 shares of the company’s stock worth $3,483,000 after buying an additional 576,259 shares during the last quarter. Capricorn Fund Managers Ltd boosted its holdings in shares of ContextLogic by 1,210.6% in the 3rd quarter. Capricorn Fund Managers Ltd now owns 220,000 shares of the company’s stock worth $1,199,000 after buying an additional 203,214 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of ContextLogic in the 2nd quarter worth about $519,000. Institutional investors own 46.05% of the company’s stock.

ContextLogic Stock Performance

Shares of NASDAQ:WISH opened at $7.90 on Friday. The company’s 50-day moving average is $6.36 and its 200 day moving average is $5.81. The company has a market capitalization of $192.74 million, a P/E ratio of -0.67 and a beta of 2.09. ContextLogic Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $9.90.

ContextLogic 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.