WIX Gains 55.5% in the Past Year: Will the Rally Continue?

Wix.com (WIX) stock is continuing its upward trajectory with a gain of 55.5% in the past year compared with 44.3% and 26.5% growth of the sub-industry and S&P Composite, respectively.Headquartered in Tel Aviv, Israel, and founded in 2006, WIX is a cloud-based web development platform. It offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms, and grow their online presence.The increase in stock price can be attributed to ...