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0.000716417910447788 0.0124179104477613 0.000238805970149376 0.000238805970149376 0.0119402985074627 0.0107462686567165 0.00716417910447771 0.0101492537313434
Stock impact report

Why Wix (WIX) Shares Are Falling Today [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
The investment bank's analyst, Elizabeth Porter, cut the price target for Wix.com to $160.00 from $181.00. Despite this reduction, Morgan Stanley kept its "Overweight" rating on the shares. The negative sentiment was amplified by a wider market trend where investors moved out of technology stocks. This sector-wide pressure led to declines in major indexes, including a 1% drop in the Nasdaq 100 and a 0.5% fall in the S&P 500, as a general sell-off weighed on market performance. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Wix? Access our full analysis report here, it's free Wix's shares are very volatile and have had 25 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 1 day ago when the stock Show less Read more
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