|Bid||78.57 x 1800|
|Ask||78.65 x 900|
|Day's range||76.28 - 79.70|
|52-week range||53.12 - 207.00|
|Beta (5Y monthly)||1.29|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
As of 1:45 p.m. ET, Wix stock was up about 5%. As of this writing, the S&P 500 is down 24% from its all-time high, and Wix stock is down 77% from its high. Upgrades during down times are relatively rare, which is why today's upgrade from Oppenheimer analyst Ken Wong comes as somewhat of a surprise.
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.