Off goes WIX. The stock hopped up today. Here's what's happening:

Wix.com Ltd (WIX) is trading 8% higher at $79.47 today. Shares of the stock are quickly outrunning other names in the space on what is turning out to be a mildly red day for the Information Technology sector.

- Wix stock rose after activist investor Starboard disclosed a 9% stake in the company.
- Starboard is an activist investor fund that takes stakes in companies and then works to make changes at those companies.
- It is not yet known what changes Starboard will seek at Wix.

Wix.com Ltd has been trading between a 52-week high of $211.44 and a 52-week low of $53.12. The stock has a market cap of $4.55 Billion.

Wix is leading the way with a cloud-based website development platform for over 189 million registered users worldwide today. The Wix website builder was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix empowers millions of businesses, organizations, artists, and individuals to take their businesses, brands and workflow online.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Bobbyaxe777 - 2 upvotes - source
Wix looks like it’s gonna pop

Bobbyaxe777 - 1 upvotes - source
Did I say wix, I meant wish.com