Wix.Com Ltd (NASDAQ:WIX) has been downgraded to Sector Perform in a statement by RBC Capital Markets earlier today.
- Updated: September 22, 2016
Having a price of $44.40, Wix.Com Ltd (NASDAQ:WIX) traded 2.00% higher on the day. With the last close up 52.07% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. WIX has recorded a 50-day moving average of $40.83 and a 200-day moving average of $29.78. Volume of trade was down over the average, with 255,352 shares of WIX changing hands under the typical 417,672
RBC Capital Markets has downgraded Wix.Com Ltd (NASDAQ:WIX) to Sector Perform in a statement released on Thursday September 22, 2016.
On 9/21/2016, JP Morgan released a statement on Wix.Com Ltd (NASDAQ:WIX) upped the target price from $46.00 to $50.00 that suggested an upside of 0.10%.
With a total market value of $0, Wix.Com Ltd has with a one year low of $14.79 and a one year high of $49.49 .
More About Wix.Com Ltd (NASDAQ:WIX)
Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments. These applications provide Wix registered users a bespoke front-end for customers visiting their Website, as well as a back-end management dashboard. The Company has developed these software applications for businesses in specific verticals, including retail and online stores, hotel and property management, music and restaurants. The Company's free product and service offering includes various features, such as Wix Editor, Wix Mobile, WixTouch and Wix SEO Tool. It offers its platform in various languages, including English, French, Spanish, Portuguese, Italian, Russian, German, Japanese, Korean, Polish, Dutch, Swedish and Danish.
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