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Wix.com receives another downgrade following Dutch auction of shares

Apr 07, 2026 15:28 UTC

Wix.com receives another downgrade following Dutch auction of shares.

  • grinvalds/iStock via Getty Images Wix
  • com (WIX) was downgraded to Market Perform from Market Outperform by Citizens after the Israel-based web development platform completed a Dutch auction that retired 29
  • 7% of its shares at a cost of $1

grinvalds/iStock via Getty Images Wix.com (WIX) was downgraded to Market Perform from Market Outperform by Citizens after the Israel-based web development platform completed a Dutch auction that retired 29.7% of its shares at a cost of $1.61B. "While this financial engineering materially increases FCF per

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