INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of ContextLogic Inc. (WISH) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of ContextLogic Inc. (“ContextLogic” or the “Company”) (NASDAQ: WISH) investors concerning the Company’s possible violations of federal securities laws.

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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone], toll-free at [phone], or by email to [e-mail], or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.