Wix.com (WIX) Moves 3.9% Higher: Will This Strength Last?
Wix(WIX) Zacks Investment Research·2024-05-14 21:16
Wix.com (WIX) shares ended the last trading session 3.9% higher at $127.01. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.8% loss over the past four weeks.The increase in share price can be attributed to robust demand for the company’s diversified product portfolio. The average revenue per subscription is being driven by the shift to higher-tier packages, higher pricing and increased adoption and usage of busin ...