The Law Offices of Frank R. Cruz Announces Investigation of ContextLogic Inc. (WISH) on Behalf of Investors

b'The Law Offices of Frank R. Cruz announces an investigation of ContextLogic Inc. (\xe2\x80\x9cContextLogic\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) (NASDAQ: WISH ) on behalf of investors concerning the Company\xe2\x80\x99s possible violations of federal securities laws.\nIf you are a shareholder who suffered a loss, click here to participate.\nIn December 2020, ContextLogic completed its initial public offering (\xe2\x80\x9cIPO\xe2\x80\x9d) in which it sold 46 million shares at $24 per share.\nOn 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.\nOn this news, ContextLogic\xe2\x80\x99s stock price fell $3.36 per share, or approximately 29%, to close at $8.11 per share on May 12, 2021.\nFollow us for updates on Twitter: twitter.com/FRC_LAW .\nIf 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 [email protected] , or visit our website at www.frankcruzlaw.com .

Metadata

Provider:

Business Wire, Inc.

Retrieved on:

Friday, May 14, 2021

Information

Tags:

Legal, Professional services, Corporate finance, Stock, Stock market

Geotags:

California, United States, LOS ANGELES

⚠generated by AI ↴

Summary

Key Points:

b'The Law Offices of Frank R. Cruz announces an investigation of ContextLogic Inc. (\xe2\x80\x9cContextLogic\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) (NASDAQ: WISH ) on behalf of investors concerning the Company\xe2\x80\x99s possible violations of federal securities laws.\nIf you are a shareholder who suffered a loss, click here to participate.\nIn December 2020, ContextLogic completed its initial public offering (\xe2\x80\x9cIPO\xe2\x80\x9d) in which it sold 46 million shares at $24 per share.\nOn 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.\nOn this news, ContextLogic\xe2\x80\x99s stock price fell $3.36 per share, or approximately 29%, to close at $8.11 per share on May 12, 2021.\nFollow us for updates on Twitter: twitter.com/FRC_LAW .\nIf 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 [email protected] , 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.\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210514005493/en/\n'

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.

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.

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 [email protected], 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210514005493/en/