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Wix.com (WIX) in Focus: Stock Moves 6.4% Higher

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Wix.com Ltd. (WIX - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 59.8% in the past one-month time frame.

The move came after the company reported better-than-expected first-quarter 2020 results.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Wix.com Ltd. Price

Wix.com currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

A better-ranked stock in the Computers - IT Services industry is Nutanix Inc. (NTNX - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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