WIX Stock Soars 33% Year to Date: Will the Rally Continue?

Wix.com's (WIX) shares have been performing well on the trading front, with a gain of 32.5% year to date compared with the S&P 500 composite and sub-industry's growth of 16.2% and 1.8%, respectively. The stock has gained 4.2% since announcing solid second-quarter 2024 results on Aug 7. The stock is still trading 8.7% below its 52-week high of $178.65, which makes it relatively affordable for investors. Headquartered in Tel Aviv, Israel and founded in 2006, WIX is a cloud-based web development platform. It o ...