Paul S. Levy, Director at ContextLogic Holdings Inc. (LOGC), bought 99,428 shares at $9.02 ($900K) on 2026-06-03, disclosed to the SEC on 2026-06-05.
Director Paul S. Levy purchased 35,409 shares at $9.02 on June 3, 2026, marking the largest insider purchase in the company's history. This significant buyback suggests insider confidence in the stock's valuation, particularly given the company's recent acquisition activity.
The stock is currently trading at $7.05, sitting flat at its 52-week low and down 20.96% from the 52-week high of $8.92.
The trade is flagged as the 'largest insider purchase ever,' signaling strong conviction. Additionally, Plural Investing's Q4 2025 investor letter dated January 29, 2026, highlighted the company as undervalued, supporting the insider's action.
The stock carries a high short interest of 8.45%, which could lead to volatility if the buying thesis proves correct. Furthermore, the company is trading at a forward P/E of -228.75, indicating it is currently unprofitable.
Something here stands out, but not much.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $9.02 | 35,409 | $319K | 35.5% |
| 2 | $9.04 | 1,000 | $9K | 1.0% |
| 3 | $9.06 | 63,019 | $571K | 63.5% |
| Total | $9.05 avg | 99,428 | $900K | 100% |
| Filing → |
| LOAR | BUY | 2026-03-17 | $4.9M | — | Filing → |
| BLDR | BUY | 2026-03-16 | $4.4M | — | Filing → |
| LOAR | SELL | 2025-05-19 | $217.6M | — | Filing → |