Why Wix.com Stock Soared to a 52-Week High Today
WIXWix(WIX) fool.com·2024-05-20 23:12

The company's cash flow is blowing past expectations. Shares of website-building company Wix.com (WIX 21.59%) soared on Monday after management reported financial results for the first quarter. As of 10 a.m. ET today, Wix stock was up 19%, hitting its highest price in well over a year. Free cash flow is soaring for Wix In the first quarter, much could be said about the top and bottom lines for Wix. But I think the real story here that's exciting investors is the company's free cash flow. This profit metric ...