Wix.com Stock Falls 31% Amid Disappointing Earnings and Analyst Downgrades
Wix.com (NASDAQ: WIX) experienced a significant stock decline, falling by 31% over the week due to disappointing first-quarter earnings results and bearish analyst updates. While revenue grew year-over-year, non-GAAP profitability dropped sharply below expectations.
Topics: analyst downgrades disappointing earnings stock decline