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Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against ContextLogic Inc. (NASDAQ: WISH) on behalf of ContextLogic stockholders. Our investigation concerns whether ContextLogic has violated the federal securities laws and/or engaged in other unlawful business practices.
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In December 2020, ContextLogic, which offers a discount online-purchasing platform, undertook an initial public offering, making available 46 million shares at $24 per share.
On May 12, 2021, ContextLogic reported a first-quarter loss of $128 million, or 21 cents a share, on sales of $772 million. In the same period a year prior, ContextLogic reported a loss of $66 million on sales of $440 million.
On this news, shares closed Wednesday 2.6% down, or at $11.47, before then dropping more than 12% in after-hours trading.
If you purchased or otherwise acquired ContextLogic shares and suffered a loss, are a long-term stockholder, have information, 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 Brandon Walker, Melissa Fortunato, or Marion Passmore by email at firstname.lastname@example.org, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210513006119/en/