Where Will Wix.Com Ltd (WIX) Stock Go Next After It Is Lower By 2.43% in a Week?

Thursday, August 6, 2020 11:48 AM | 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?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With WIX Stock Today?

Wix.Com Ltd (WIX) stock is lower by -10.2% while the S&P 500 has risen 0.09% as of 11:45 AM on Thursday, Aug 6. WIX has fallen -$31.58 from the previous closing price of $309.59 on volume of 1,241,287 shares. Over the past year the S&P 500 is higher by 15.59% while WIX has risen 94.09%. WIX lost -$1.85 per share in the over the last 12 months.

To see the top 5 stocks in the Software - Infrastructure industry 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.

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