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Wix.com Surges to 121st in Trading Volume with $724 Million Day Despite 16.18% Stock Decline
Generated by AI AgentAinvest Market Brief
Wednesday, May 21, 2025 7:36 pm ET1min read
On May 21, 2025,
.com (WIX) experienced a significant trading volume of $724 million, marking a 230.88% increase from the previous day. This surge placed Wix at the 121st position in terms of trading volume for the day. However, despite the high trading volume, Wix's stock price declined by 16.18%.Wix.com reported a revenue of $473.65 million for the first quarter of 2025, reflecting a 12.8% year-over-year increase. The company also announced Q1 2025 bookings of $511 million, a 12% increase from the previous year. Additionally, Wix launched 'Wixel,' a new AI-driven tool that expands its offerings beyond website creation.
Wix.com Ltd. reported earnings results for the first quarter ended March 31, 2025. The company achieved a non-GAAP EPS of $1.69 and generated revenue of $437.7 million. The company also reported an operating income of $37.405 million for the quarter, with a gross profit of $321.859 million.
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