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.