Wix.com (WIX) Moves 6.5% Higher: Will This Strength Last?
Wix(WIX) ZACKS·2024-11-12 17:01
Wix.com (WIX) shares rallied 6.5% in the last trading session to close at $183.64. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.9% gain over the past four weeks.The increase in share price can be attributed to strong topline performance. Higher adoption of the product portfolio, especially various artificial intelligence (AI) products and WIX Studio, has been driving the company’s performance. WIX is foc ...