🔴 Wix.Com is trading 5.6% down today despite broader software-sector rally

Wix.Com is trading 5.6% down at $76.66 after opening-market selling, despite a broader software-sector rally.

• The decline extends Wix.Com’s September 3 close of $81.20, which fell 6.33%.
• No fresh company-specific announcement clearly explains the September 4 decline; weakness appears stock-specific or linked to ongoing investor concerns.
• Snowflake beat estimates and raised guidance, lifting software sentiment broadly; recent coverage has highlighted scrutiny of Wix.Com’s AI products and securities litigation allegations. Confidence is low.