Trending...
- House of Buneau Releases "Pretty Boy Heaven," A Cinematic Exploration of Beauty and Distance
- Mark Dobosz Makes Donorassess.org Free To Every Nonprofit On The Planet
- VBO Expands Event Manager 3.0 with Real-Time Sales Visibility, New Dashboards, and Operational Tools
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of ContextLogic Inc. ("ContextLogic" or the "Company") (NASDAQ: WISH) on behalf of investors concerning the Company's possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to participate.
In December 2020, ContextLogic completed its initial public offering ("IPO") in which it sold 46 million shares at $24 per share.
On May 12, 2021, ContextLogic reported a first quarter loss of nearly 21 cents per share, or $128 million on sales of $772 million compared to a loss of $66 million on sales of $440 million the same quarter last year.
More on The Californer
On this news, ContextLogic's stock price fell $3.36 per share, or approximately 29%, to close at $8.11 per share on May 12, 2021.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased ContextLogic securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
If you are a shareholder who suffered a loss, click here to participate.
In December 2020, ContextLogic completed its initial public offering ("IPO") in which it sold 46 million shares at $24 per share.
On May 12, 2021, ContextLogic reported a first quarter loss of nearly 21 cents per share, or $128 million on sales of $772 million compared to a loss of $66 million on sales of $440 million the same quarter last year.
More on The Californer
- Daniel Kaufman Expands Kaufman & Company Real Estate Platform With New Acquisitions, AI-Driven Industrial Development and Nationwide Growth Initiative
- Alten Construction breaks ground on Richmond Main Library
- Glossa Launches Client Portal, Completing End-to-End Requirements Management for SIs
- City of Long Beach Now Accepting Nominations for Third Annual of Veterans Banner Program
- purelyIV Launches Lab Testing Services in Metro Detroit
On this news, ContextLogic's stock price fell $3.36 per share, or approximately 29%, to close at $8.11 per share on May 12, 2021.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased ContextLogic securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Filed Under: Business
0 Comments
Latest on The Californer
- NRx Pharmaceuticals Could Be on the Verge of a Breakout Year as AI, FDA Catalysts, and Mental Health Demand Converge
- DC Accounting Firm Offers Free Business CRM to Small Business Clients Alongside Weekly Bookkeeping Model
- CCHR: Psychiatric Drugs Fuel Rising Death Toll: National Adverse Drug Event Awareness Day Confronts America's Medication Crisis
- Explosive $10 Billion Counter-Drone Market with AI-Powered Defense Ecosystem: ZenaTech, Inc. (N A S D A Q: ZENA)
- High-Value Execution Phase Begins: Bitcoin Bancorp Ignites Texas Rollout of Digital Asset ATM Network: Bitcoin Bancorp (Stock Symbol: BCBC) $BCBC
- Water Heater Repair Los Angeles for Homes & Businesses
- Gas Leak Repair Los Angeles: Protect Your Home with Expert Plumbing Services
- MOVE Marketing Launches AI Hotel Visibility System to Help Hotels Get Recommended by AI
- The Team of Atlas Elite Entertainment honors Rodney F Crews
- Sellvia Market Identifies Key Risks New Online Business Owners Face in 2026
- Licensed California real estate brokerage. We rebate the buyer-agent's commission back to the Buyer
- UK Financial Ltd Tokenized LTNS 1, A $1.1 T Asset-Backed ERC-3643 Security Token with 11 On-Chain Contracts Verifying, Compliant Real-World Value
- SelfCare is now HealthCare across America
- Rancho Cucamonga State of the City Highlights Resident Focus on Development, Infrastructure,
- California: Governor Newsom issues final warning to 15 communities violating state housing laws
- California: Governor Newsom announces appointments 3.27.26
- California: Governor Newsom announces judicial appointments 3.27.2026
- Legal Powerhouses, Dance Drama, and Romance: Meet the New Platform Debuting This April
- Pet Furniture Meets Interior Design: Wooffy Redefines the Role of Dog Homes in Modern Living Spaces
- City to Add No-Cost Preschool to West Facilities Center in West Long Beach