Down 25% This Year, What's Wrong With Wix Stock?
2021 has been kind so far for investors. The S&P 500 Index, which tracks the performance of 500 large companies in the United States, is up about 18% year to date (YTD), more than doubling the long-term average of 9% annual returns. However, under the hood, a lot of high-growth and tech stocks have been clobbered this year. One of these stocks is Wix.com (NASDAQ: WIX), which as of this writing is down around 25% YTD, trailing the broad market by 43% this year.
What's going on with Wix stock this year? Is the company struggling, or is this just typical market volatility? Let's investigate.
Image source: Getty Images.
Source Fool.com