After-hours movers: ContextLogic gains on buyback, CSX up on EPS

After-Hours Stock Movers:

Contextlogic Inc (NASDAQ:) 29% HIGHER; announced today that its Board of Directors has approved a share repurchase program with authorization to repurchase up to $50 million in shares of its Class A common stock.

EyePoint Pharmaceuticals, Inc. (NASDAQ:) 7% HIGHER; Baird initiates with an Outperform rating and a price target of $33.00.

CSX Corp. (NASDAQ:) 3% HIGHER; reported Q1 EPS of $0.48, $0.05 better than the analyst estimate of $0.43. Revenue for the quarter came in at $3.71 billion versus the consensus estimate of $3.59B.

XPO Logistics (NYSE:) 2% HIGHER; Citi from Neutral to Buy with a price target of $50.00 (from $37.00) on today’s news of a new COO.