Why Wix.com Stock Soared to a 52-Week High Today

In the first quarter, much could be said about the top and bottom lines for Wix. But I think the real story here that's exciting investors is the company's free cash flow. This profit metric looks at how much cash the business brings in and subtracts out cash operating expenses and cash used for buying things such as buildings or equipment. So it can be a good indicator of a business' health. The company's cash flow is blowing past expectations. Wix kicked off 2024 with first-quarter free cash flow over $10 ...