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This Fund Just Made a $100 Million Bet on Wix as Fundamentals Improve After Steep Stock Slide
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 $97.7 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 ...