Wix Surges 9.12% on $1.2B Trading Volume Ranks 56th in Market Activity as $1B Convertible Notes Signal Investor Confidence in Long-Term Growth

On September 9, 2025, , . , , . , , signaling investor confidence in Wix’s long-term growth. Proceeds will fund share repurchases and corporate initiatives. , , citing strong financial performance and share reduction plans.

Strategic moves further fueled optimism. Wix partnered with Broadridge to develop advisor websites targeting younger investors, aligning with its digital transformation goals. The company also participated in Citi’s Global TMT Conference, reinforcing its industry presence. Analysts noted that the convertible offering’s flexibility and lack of interest payments enhance Wix’s financial agility, though debt levels remain a consideration. , .

To set up this back-test accurately I need a few extra details: 1. Market universe • Do you want to rank all U.S. listed equities, only a specific index (e.g., Russell 3000 or S&P 1500), or another region/exchange? 2. Re-balancing convention • Should the portfolio be formed at each day’s close (using that day’s volume rank) and held through the next day’s close? 3. Transaction costs / slippage • Do you want to include an estimate, or assume frictionless trading? 4. Risk controls • Any stop-loss, max holding days beyond the 1-day rule, or other constraints? With these points confirmed I can generate the data-retrieval plan and run the back-test.