Why Is Wix Stock Falling Friday?
Wix stock dropped nearly 7% amid a tech sell-off, hedge fund exit, and SaaS valuation pressure. Here is what analysts and technicals say.
Wix's stock price went down because lots of tech companies are being sold right now, and people are worried that website-building software companies aren't worth as much money as before. When a whole group of stocks drops together, it's usually about the market's mood, not just one company doing something wrong.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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