Shares of Wix.com (NASDAQ: WIX) soared 41.1% higher in February, according to data provided by S&P Global Market Intelligence . The stock rose modestly until the middle of the month when it reported quarterly financial results. After that positive report, Wix exploded higher.
Wix's revenue for 2020 was up 30% year over year to $989 million. The company has a range of products and services that support small businesses and individuals in building an online presence -- something that was pushed forward because of the pandemic. But the company's growth rate accelerated even through the end of the year, with fourth-quarter revenue growth of 38%.
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Why Wix Stock Soared 41% Higher in February