Why Wix.com Stock Soared 60% In August
Yahoo Finance ·
Shares of Wix.com ( WIX -1.91% ) zoomed over 60% in August, according to data from S&P Global Market Intelligence . The website-building platform was considered an artificial intelligence ( AI ) loser earlier this year, but that narrative completely reversed this summer, with the company posting solid revenue growth and major margin improvement for its new AI-generative application builder. Here's why Wix stock was up in August, and whether it is a buy now.
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