Wix.com (WIX) Stock Sinks As Market Gains: Here's Why
Wix.com (WIX) ended the recent trading session at $150.50, demonstrating a -1.31% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.02%. Meanwhile, the Dow experienced a drop of 0.14%, and the technology-dominated Nasdaq saw an increase of 0.33%. It's also important to note that WIX currently trades at a PEG ratio of 1.04. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. A ...