Why WIX stock price is down?

As of now, Wix.com’s stock price is trading at $75.50, experiencing a 10.66% drop, which translates to a decrease of $9.01 for today.

Benzinga recently reported that a whale, or a large investor with significant funds, has taken a notably bearish stance on Wix.com. This observation is based on the company’s options trading history.

Out of the 21 unusual trades detected for Wix.com (NASDAQ: WIX), which is currently trading at $76.46 (-9.53%), 38% of investors opened trades with bullish expectations, while 61% took a bearish stance. In terms of the specific trades, 18 were put options with a total value of $1,366,408, and 3 were call options worth $99,805.

This data suggests that there is a more significant bearish sentiment among investors in Wix.com’s options market. However, it is essential to consider other factors and conduct thorough research before making any investment decisions.