Wix.com Ltd. (WIX) : The value of composite uptick trades was $8.3 million, whereas, the value of composite downtick trades was $14.97 million. The uptick to downtick ratio stood at 0.55 with a negative money flow of ($6.67) Million during Tuesdays trading session. The block trades money flow was negative ($4.18 million). The transaction of the trades on downticks amounted to $4.18 million, which confirms investors selling on the strength of price. Wix.com Ltd. (WIX) gained 149 cents at $41.8, an increase of 3.7% over the previous days close.
Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Wix.com Ltd. (NASDAQ:WIX). Deutsche Bank has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $40 per share from a prior target of $33. The rating by the firm was issued on July 28, 2016.
Shares of Wix.com Ltd. rose by 5.48% in the last five trading days and 16.18% for the last 4 weeks. Wix.com Ltd. is up 53.51% in the last 3-month period. Year-to-Date the stock performance stands at 83.74%.
Wix.com Ltd. (NASDAQ:WIX): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.09 and $40.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.80, notching a gain of 3.70% for the day. The total traded volume was 881,396 . The stock had closed at $40.31 on the previous day.
Wix.com Ltd. is a Web development platform. The Company develops and markets an Internet service that allows users to create Web content. The Company offers its Web development, design and management solutions and apps through an online platform for businesses, organizations, professionals and individuals. Its Web development technology is built based on HTML5 and offers HTML5 compatible capabilities, Web design and layout tools, domain hosting, and other marketing and work flow management applications and services. By registering with the Companys Website, its users receive access to the Wix Editor, an online editor. The Companys cloud-based platform is accessed through a hosted environment, allowing its users to update their site and manage their business or organization at any time.