Wix.com shares are touching fresh 52-week lows Monday, extending slide after May's Q1 miss as investors weigh AI threat vs. opportunity.
Wix.com Ltd.
(NASDAQ:WIX) shares are touching fresh 52-week lows Monday, continuing a brutal slide that began with a massive Q1 earnings miss in May — as investors also weigh whether AI poses an existential threat to the company's core website-building business or represents an opportunity it can grow into.
Wix stock is testing lower boundaries.
What's behind WIX weakness?
How We Got Here The selloff started on May 13 when Wix reported Q1 results that badly missed expectations.
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Wix.com (WIX) 27% Drop Prompts Investor Scrutiny - HBSS Investigating Unanticipated Spike in Operating Expenses
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