Wix.com Ltd. WIX was a big mover last session, as its shares rose a little over 16% on the day. The move came after the web-development platform specialist announced strong fourth-quarter 2016 results and also reached a significant milestone by surpassing more than 100 million registered users. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $51.05 to $56.20 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Wix.com currently carries a Zacks Rank #2 (Buy).
Another favorably placed stock in the Computers – IT Services space is Acxiom Corporation ACXM, carrying a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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