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Sunday, April 2, 2023

Insights Into ContextLogic Inc. (WISH) Exposure By Institutions

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for ContextLogic Inc. (WISH) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0059, or 1.21%, to $0.4926. The ContextLogic Inc. has recorded 3,052,897 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Wish to Participate in Upcoming Investor Conferences.

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Stocks Info

The company is listed on the NASDAQ and operates within the Internet Retail industry segment. At the end of the last regular session, the stock closed at $0.49 and fluctuated between $0.5400 as its day high and $0.4749 as its day low. The current market capitalization of ContextLogic Inc. is $462.18M. A total of 42.15 million shares were traded on the day, compared to an average of 28.45M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, WISH has seen 4 BUY and 6 SELL insider trades, representing the acquisition of 50,109 and the disposition of 202,120 shares. Over the last 12 months, there were 68 BUYs and 130 SELLs from insiders. Insiders purchased 67,322,107 shares during that period but sold 43,828,007.

In the most recent transaction, Talwar Vijay sold 550,000 shares of WISH for 0.88 per share on Feb 13. After the transaction, the Former CEO & Director now owns 599,967 company shares. In a previous transaction on Feb 02, Jain Tarun Kumar sold 76,629 shares at 0.77 per share. WISH shares that Chief Product Officer owns now total 0.

Among the insiders who sold shares, Jain Tarun Kumar disposed of 88,000 shares on Jan 03 at a per-share price of $0.49. This resulted in the Chief Product Officer holding 76,629 shares of WISH after the transaction. In another insider transaction, Jain Tarun Kumar sold 88,000 shares at $0.69 per share on Dec 02. Company shares held by the Chief Product Officer now total 201,764.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for WISH in the last 3 months, the mean price target is $1.40 with high estimates of $4.40 and low estimates of $0.40. In terms of 52-week highs and lows, WISH has a high of $2.58 and a low of $0.44.

As of this writing, WISH has an earnings estimate of -$0.18 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.18 per share and a lower estimate of -$0.19. The company reported an EPS of -$0.13 in the last quarter, which was 18.80% higher than expectations of -$0.16.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WISH is Overweight with a score of 1.75. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 2 thought it should be Sold.

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