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Stock impact report

Wix.com (WIX) Moves 3.2% Higher: Will This Strength Last? [Yahoo! Finance]

Wix.com Ltd. - Ordinary Shares (WIX) 
Last wix.com ltd. - ordinary shares earnings: 2/20 01:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 7.7% gain over the past four weeks. The increase in share price can be attributed to strong topline performance. Increasing adoption of the product portfolio, especially various artificial intelligence (AI) products and WIX Studio, has been driving the company's performance. WIX is focusing on generative AI as this represents a significant business growth driver. The addition of new features and enhancements to WIX Studio is driving its uptake. Management highlighted that the number of Studio accounts and rate of new Partners joining the Wix platform through Studio continue to better expectations. As a result of a strong second quarter, management raised the 2024 outlook for bookings, revenues and free cash flow. Revenues are now expected to be $1,747-$1,761 million, up from the $1,738-$1,761 million band guided earlier. Total bookin Show less Read more
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