On June 9, Wix.Com fell 8.2% in regular trading, trading at $48.115/share, with trading volume of $117 million.

On the news front, Scotia Bank cut its price target on Wix.com from $110 to $90 while maintaining an outperform rating. Simultaneously, the company disclosed in an SEC filing that it expects $30 million to $35 million in pre-tax restructuring charges related to an organizational restructuring, with the majority to be recognized in the second quarter and cash payments concentrated in the second half of the year.

Fundamental pressure remains elevated as the company reported Q1 EPS of -$1.02, significantly missing market expectations. While Wix projects approximately $150 million in annualized run-rate savings post-restructuring and estimates full-year free cash flow of approximately $420 million excluding restructuring costs, the near-term charge impact combined with the analyst target price reduction have jointly suppressed market sentiment, driving the stock to a fresh 52-week low.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)