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Wix.com Is a Show Me Stock With a Lot to Prove

Timothy Collins

Wix has been a big intraday mover post earnings experiencing intraday maximum moves over 8% in 11 of the past 12 post-earnings trading days and 14 of the past 16. The IDM (intraday maximum) is the largest change at ANY point intraday, the first day of trading after the company reports earnings. In terms of closing moves, the 8% area splits the last two years of post-earnings reactions while Wix gaps 8% or more only about 1/3rd of the time (over the past nine reports).