Starboard Value Confirms 9% Stake in Wix.com (WIX) (earlier)
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Activist Involvement in Wix.com (WIX) Can Unlock 'Meaningful Value'
September 19, 2022 10:42 AM EDT(Updated - September 19, 2022 10:45 AM EDT)
Shares of Wix.com (NASDAQ: WIX) gained 10% early Monday after activist hedge fund Starboard Value disclosed a 9% stake in the company Friday afternoon and, according to reports from Reuters, spoke to the Israel-based website building platform about improving operations.
Starboard is said to support the company's plans to become profitable and believes it can improve its margins and grow further.... More
UPDATE: Starboard Built Stake in Wix.com (WIX) - Reuters
September 16, 2022 4:01 PM EDT(Updated - September 16, 2022 4:05 PM EDT)
Activist hedge fund Starboard has amassed an approximately 9% stake in Wix.com (NASDAQ: WIX) and has spoken to the company about how it can improve its operations, according to Reuters, citing people familiar with the... More
