Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ContextLogic Inc shares valued at $335,901 were sold by Monico Mauricio on Mar 15 ’24. At $6.10 per share, Monico Mauricio sold 55,035 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Just Brett sold 7,999 shares, netting a total of over 50,445 in proceeds. Following the sale of shares at $6.31 each, the insider now holds 6,859 shares.
As published in a research note from Citigroup on November 09, 2023, ContextLogic Inc [WISH] has been rated up from a Sell to a Neutral and the price target has been revised to $5.50 from $5. Analysts at Loop Capital upgraded the stock from ‘”a Sell”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of June 29, 2023, Loop Capital has decreased its “Hold” rating to a “Sell” for WISH. Earlier on December 13, 2022, Citigroup initiated its rating. Their recommendation was “a Sell” for WISH stock.
Analyzing WISH Stock Performance
During the last five days, there has been a surge of approximately 11.03%. Over the course of the year, ContextLogic Inc shares have dropped approximately -3.53%. Shares of the company reached a 52-week high of $6.95 on 02/20/24 and a 52-week low of $4.01 on 01/17/24. A 50-day SMA is recorded $5.90, while a 200-day SMA reached $5.52. Nevertheless, trading volume fell to 3.72 million shares from 1.01 million shares the previous day.
Support And Resistance Levels for ContextLogic Inc (WISH)
According to the 24-hour chart, there is a support level at 5.15, which, if violated, would cause prices to drop to 4.56. In the upper region, resistance lies at 6.05. The next price resistance is at 6.36. RSI (Relative Strength Index) is 54.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 15.87%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
