Advertisement
Singapore markets closed
  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     
  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     
  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     
  • FTSE 100

    8,139.94
    +61.08 (+0.76%)
     
  • Bitcoin USD

    63,660.06
    +215.66 (+0.34%)
     
  • CMC Crypto 200

    1,330.32
    -66.21 (-4.75%)
     
  • S&P 500

    5,097.73
    +49.31 (+0.98%)
     
  • Dow

    38,171.35
    +85.55 (+0.22%)
     
  • Nasdaq

    15,918.76
    +307.00 (+1.97%)
     
  • Gold

    2,345.60
    +3.10 (+0.13%)
     
  • Crude Oil

    83.63
    +0.06 (+0.07%)
     
  • 10-Yr Bond

    4.6630
    -0.0430 (-0.91%)
     
  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     
  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     
  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

Plenty of Upside Ahead as Activist Investor Enters This Beaten-Down Tech Stock

Plenty of Upside Ahead as Activist Investor Enters This Beaten-Down Tech Stock

Shares of Wix.com (NASDAQ: WIX) have fallen sharply from their 52-week high, but shareholders received some interesting news this week as Starboard Value has taken a 9% stake in the company. Shares rose 15.7% on Monday based on news of the prominent activist investor revealing its position. Here's why Starboard's involvement is a positive development for Wix shareholders and why there could be even more upside ahead.