Wix.com Ltd. (WIX - Free Report) was a big mover last session, as the company saw its shares rise roughly 13% on the day. Shares moved up after the company reported narrower loss for the fourth quarter of 2015. This led to solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 18.7% in the past one-month time frame.
This IT services stock witnessed one positive estimate revision over the past 30 days. The Zacks Consensus Estimate however remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Wix.com has a Zacks Rank #4 (Sell).
However, a better-ranked stock in the same space is ServiceNow, Inc. (NOW - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
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