|Bid||65.04 x 1300|
|Ask||0.00 x 900|
|Day's range||72.07 - 75.16|
|52-week range||53.12 - 207.00|
|Beta (5Y monthly)||1.29|
|PE ratio (TTM)||N/A|
|Earnings date||09 Nov 2022 - 14 Nov 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||92.29|
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.
Wix shares are soaring after activist investor Starboard Value revealed its 9% stake in the company.
One activist investor is accumulating shares in what it believes to be a compelling upside situation.