Robbins LLP Reminds Wix.com Investors of September 22, 2026 Lead Plaintiff Deadline

Regulation
โดย GlobeNewswire·Read original
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Robbins LLP reminds investors that a securities class action has been filed against Wix.com Ltd. on behalf of purchasers of WIX securities between February 19, 2025 and May 12, 2026. The lawsuit alleges that Wix.com made materially false or misleading statements by overstating the competitiveness and performance of its AI product offerings, understating associated development and promotion costs, and overstating the commercial and financial benefits of those offerings. The complaint points to several stock price declines, including a 16.18% drop on May 21, 2025 after disappointing first-quarter revenue guidance of $1.97 billion to $2 billion, a 19.87% drop on November 19, 2025 after disclosing that rising post-acquisition costs for Base44 were materially hurting financial results, and a 27.1% drop on May 13, 2026 following first-quarter 2026 results that missed consensus expectations and showed a sharp decline in operating margins. Investors who suffered losses during the class period have until September 22, 2026 to seek appointment as lead plaintiff.

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