Activist Starboard Value Boosts Wix Stake as Website Maker’s Outlook Remains Strong Despite AI Fears
WIX stock is just the latest Israeli tech company targeted by the New York investment firm Shares of Wix.com (NASDAQ:WIX), the leader in do-it-yourself web development, have been on a rollercoaster ride in recent trading sessions following significant purchases by company insiders and activist investor Starboard Value. In a recentForm 6-K filing, the company announced that Avishai Abrahami, co-founder and CEO, Nir Zohar, president and COO, and other board members, including a family trust associated with Chairman Mark Tluszcz, bought more than $3 million worth of the company’s stock in open ma...