Wix Tumbles 6.12 on 141.31% Volume Spike Ranks 432nd as Institutional Bets Diverge

On July 30, 2025, Wix (WIX) closed at a 6.12% decline, with a trading volume of $0.29 billion, reflecting a 141.31% surge from the previous day. The stock ranked 432th in trading activity. Institutional activity highlighted mixed signals, as ARK Investment Management LLC reduced its stake by 21.8% to 8,024 shares, while Wellington Management and Assenagon Asset Management significantly increased holdings. Analyst ratings remain divided, with 18 “buy” and 3 “strong buy” recommendations, though revised price targets range between $210 and $250. Institutional ownership stands at 81.52%, underscoring strategic positioning despite the recent drop.

The sell-off followed broader institutional portfolio adjustments, including TD Asset Management’s 11.3% increase in Wix shares and Phoenix Financial Ltd.’s 41.2% boost. Notably, Assetmark Inc. surged its position by 1,897.3%, reflecting confidence in the stock’s long-term potential. However, ARK’s exit and mixed analyst sentiment suggest caution among investors. The stock’s 52-week range of $137.94 to $247.11 and a beta of 1.31 indicate heightened volatility relative to the market, compounding near-term uncertainty.

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