• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Top Trading Strategy
No Result
View All Result
Home Breaking News

Contextlogic Insider Trades $465K In Company Stock

by
November 23, 2021
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Devang Shah, Insider at Contextlogic (NASDAQ:WISH), made a large insider sell on November 17, according to a new SEC filing.

Related Posts

Pinterest shares slip on fourth-quarter revenue miss and weak forecast

Stocks moving in after-hours: Chegg, Simon Property, Activision Blizzard, Take Two Interactive, Spirit

You’ll Never Believe the ‘Dumbest’ Stock Warren Buffett Ever Bought

McCarthy, Scalise go to war with U.S. Chamber after group backed some Democrats in recent elections

What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Shah sold 94,940 shares of Contextlogic at a price of $4.89. The total transaction amounted to $464,038.

Following the transaction, Shah still owns 183,932 shares of Contextlogic worth $772,146.00.

Contextlogic shares are trading down 1.22% at $4.2 at the time of this writing on Monday morning.

Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.

Why Insider Transactions Are Important

Insider transactions shouldn’t be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.

In legal terms, an “insider” refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.

When a company insider makes a new purchase, that is an indication that they expect the stock to rise.

Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.

Important Transaction Codes

Investors prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.

Check Out The Full List Of Contextlogic’s Insider Trades.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

See more from Benzinga

Click here for options trades from Benzinga

Expert Ratings For ContextLogic

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Next Post

Zoom on pace for its worst day ever after Wall Street slashes price targets

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

Pinterest shares slip on fourth-quarter revenue miss and weak forecast

by
February 7, 2023
0

A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning that...

Read more

Pinterest shares slip on fourth-quarter revenue miss and weak forecast

Stocks moving in after-hours: Chegg, Simon Property, Activision Blizzard, Take Two Interactive, Spirit

You’ll Never Believe the ‘Dumbest’ Stock Warren Buffett Ever Bought

McCarthy, Scalise go to war with U.S. Chamber after group backed some Democrats in recent elections

Powerful quake rocks Turkey and Syria, kills more than 3,400

Google CEO issues rallying cry in internal memo: All hands on deck to test ChatGPT rival Bard

Load More

All rights reserved by www.toptradingstrategy.net

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.