Wix.Com is trading 4.3% up today at $51.90 as investors recalibrate following a sharp selloff triggered by a lowered growth outlook and workforce reductions.
- Shares recently tumbled over 8% after the company lowered its 2026 growth outlook and announced a 20% reduction in staff to cut costs.
- The downward revision in guidance is expected to impact both future bookings and revenue targets.
- Today's recovery appears to be a technical rebound as the market settles after the initial negative reaction, with no fresh company-specific news reported.