Why Wix.com Ltd. Stock Slipped 11% Last Month

Shares of Wix.com Ltd. (NASDAQ: WIX) dipped 11% in July according to data from S&P Global Market Intelligence.

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Shares of the internet-hosting company slid after it posted a disappointing second-quarter earnings report. As the chart below shows, the stock had risen fairly steadily in July before those gains were more than wiped out in response to that report.

Source: Fool.com