Why Wix.com Stock Is Plummeting Today
Wix.com (NASDAQ: WIX) stock is getting crushed in Wednesday's trading. The web-services company's share price was down 25.4% as of 3:10 p.m. ET despite the S 500 being up 0.6% and the Nasdaq Composite being up 1.3%. The stock had been down as much as 32% earlier in the day's trading.
Wix.com published its first-quarter results before the market opened this morning, and sales and earnings for the period came in worse than anticipated. While the company posted Q1 misses, it did reaffirm its full-year guidance.
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Source Fool.com
