WIX Slides 22% in a Month: How Should Investors Play the Stock?

Wix.com Ltd. (WIX) has witnessed a sharp decline of 22.3% in stock price in the past month, which is steeper than the 13.5%, 12.5% and 8.4% declines of the Computer IT Services Industry, broader Zacks Computer and Technology Sector and the S&P 500 Composite, respectively.Peers like Shopify (SHOP) , GoDaddy Inc. (GDDY) and BigCommerce Holdings, Inc. (BIGC) have also registered declines of 27.1%, 18.8%, and 12.9%, respectively, in the same time frame.Price PerformanceImage Source: Zacks Investment ResearchThe ...