This Fund Just Made a $100 Million Bet on Wix as Fundamentals Improve After Steep Stock Slide
WixWix(US:WIX) The Motley Fool·2025-11-15 22:38

A big, high-conviction swing into a beaten-down tech name seems likely to raise investor eyebrows.San Francisco-based investment firm No Street GP LP disclosed a new position in Wix.com valued at approximately 97.7millioninanSECfilingreleasedonFriday.WhatHappenedAccordingtoafilingwiththeU.S.SecuritiesandExchangeCommissionreleasedFriday,NoStreetGPLPestablishedaninitialpositioninWix.comLtd.(WIX1.3297.7 million in an SEC filing released on Friday.What HappenedAccording to a filing with the U.S. Securities and Exchange Commission released Friday, No Street GP LP established an initial position in Wix.com Ltd. (WIX 1.32%) during the third quarter, acquiring 550,000 shares valued at 97.7 million ...