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Why Wix.com Was Up 17% in January

TheMotleyFool

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Shares of Wix.com Ltd. (NASDAQ: WIX) ran 16.6% higher in January, according to data provided by S&P Global Market Intelligence. This run-up gained back ground the stock surrendered to close out 2019. Analyst downgrades and weak fourth-quarter revenue guidance had sent the stock down, but as the new year dawned, Bank of America turned bullish on the stock.

Further, Wix.com might be bullish on itself at the moment, as it's cleared to buy back some of its stock.

Image source: Getty Images.

Source Fool.com

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