Is Wix.Com Ltd (WIX) Stock About to Get Hot Tuesday?

Tuesday, January 26, 2021 2:30 PM | InvestorsObserver Analysts

The market has been high on Wix.Com Ltd (WIX) stock recently. WIX gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Wix.Com Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WIX!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With WIX Stock Today?

Wix.Com Ltd (WIX) stock has fallen -1.81% while the S&P 500 is higher by 0.12% as of 2:17 PM on Tuesday, Jan 26. WIX is lower by -$4.60 from the previous closing price of $254.80 on volume of 529,038 shares. Over the past year the S&P 500 is higher by 19.00% while WIX is higher by 79.19%. WIX lost -$3.26 per share in the over the last 12 months.

To screen for more stocks like Wix.Com Ltd click here.

More About Wix.Com Ltd

Wix.com Ltd is a cloud-based development platform provider for millions of registered users worldwide. The company is engaged in web development and management that provides an easy-to-use powerful cloud-based platform of products through a freemium model. Its core products consist of three web editors: the Wix Editor, intended for users with basic technological skills, Wix ADI, intended for novice users and Corvid, intended for more tech-savvy users. The company's web development technology is built based on HTML5 and offers HTML5 compatible capabilities, web design and layout tools, domain hosting, and other marketing and workflow management applications and services. The geographic segments include North America, Europe, Latin America, and Asia and others.

Click Here to get the full Stock Score Report on Wix.Com Ltd (WIX) Stock.

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