Wix.com Ltd. (WIX) shares tumbled 30.37 percent to $52.83, down $23.04 on Wednesday, after the company reported a first-quarter net loss despite higher revenue and reaffirmed its full-year 2026 outlook.
The stock is currently trading at $52.83, compared with a previous close of $75.88 on the Nasdaq. It opened at $55.88 and traded between $51.60 and $58.76 during the session, with volume reaching 3.93 million shares, above the average daily volume of 2.69 million shares.
The company posted a net loss of $57.5 million, or $1.02 per share, in the first quarter. Adjusted net income was $42.5 million, or $0.68 per share. Revenue increased to $541.17 million from $473.65 million a year earlier, while bookings rose to $584.99 million from $510.91 million.
Wix.com shares have traded between $51.60 and $191.24 over the past 52 weeks.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.