Walleye Trading LLC Reduces Stake in ContextLogic Inc. (NASDAQ:WISH)

Walleye Trading LLC lowered its holdings in ContextLogic Inc. (NASDAQ:WISH) by 94.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 22,957 shares of the company’s stock after selling 377,043 shares during the quarter. Walleye Trading LLC owned about 0.09% of ContextLogic worth $125,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of ContextLogic in the 2nd quarter valued at about $46,000. Caprock Group LLC purchased a new position in shares of ContextLogic in the 2nd quarter valued at about $53,000. Proficio Capital Partners LLC purchased a new position in shares of ContextLogic in the 3rd quarter valued at about $78,000. Dimensional Fund Advisors LP purchased a new position in shares of ContextLogic in the 2nd quarter valued at about $91,000. Finally, Deuterium Capital Management LLC lifted its position in ContextLogic by 106.1% during the 2nd quarter. Deuterium Capital Management LLC now owns 25,765 shares of the company’s stock worth $132,000 after acquiring an additional 13,265 shares during the period. Hedge funds and other institutional investors own 46.05% of the company’s stock.

ContextLogic Trading Down 2.1 %

ContextLogic stock opened at $7.90 on Friday. ContextLogic Inc. has a twelve month low of $3.55 and a twelve month high of $9.90. The stock has a 50 day moving average of $6.41 and a two-hundred day moving average of $5.82. The stock has a market capitalization of $192.74 million, a price-to-earnings ratio of -0.66 and a beta of 2.09.

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.