Aug. 13 at 3:09 PM
$WIX
@pleets1
The buyback program can really move the needle given the float dynamics you mention.
About 12.5 per cent of mkt cap still to go according to Grok (
$380-
$400M vs 3B mkt cap).
"Key details of the buyback
In late January 2026, Wix’s board authorized a
$2BILLION share repurchase program (ordinary shares and/or convertible notes) covering FY2026–2027.
...
Progress so far
They have used roughly 81% of the
$2.X billion authorization (
$1.617B /
$2B). The remaining capacity is approximately
$380–400 million, available through the end of 2027."
https://grok.com/share/c2hhcmQtMw_87de5b00-333f-4e4a-b0e6-d83812494359
