Wix.com Ltd. (NASDAQ:WIX) stock observed trading -12.08% off 52-week high price. On the other end, the stock has been noted 70.75% away from low price over the last 52-weeks. The stock disclosed a move of -5.48% away from 50 day moving average and 12.32% away from 200 day moving average. Moving closer, we can see that shares have been trading -5.51% off 20-day moving average. It has market cap of $6801.81M .
Wix.com Ltd. (NASDAQ:WIX) and NTT Town Page Corporation (NTT-TP) have reported a strategic partnership in Japan. As a result of the partnership, NTT-TP will now offer: “NTT Town Page Digital Lead Powered by Wix” to business customers across Japan. The service will include a complete suite of products including website creation, site management, e-commerce and SEO capabilities to power online marketing and promotion for small and medium-sized businesses. This joint effort marks Wix’s first co-branding partnership in Japan.
As NTT-TP evolves from its leading print directory business to digital marketing, it required a strong technology partner to provide its customers with a comprehensive digital marketing solution. As a result of this venture, Wix will serve as the exclusive website platform provider to NTT-TP, positioning Wix to become the leading digital marketing solution for millions of businesses in Japan. NTT-TP will tailor templates and content for Japanese customers, as well as offering the planning, developing and managing of the sites and services.
“We are delighted to announce our partnership with NTT Town Page,” said Nir Zohar, President and COO at Wix. “This venture is the first of its kind for us in Japan and a milestone for Wix. We are very excited about the opportunity to join with NTT Town Page to help SMBs across Japan. NTT Town Page customers will be able to do much more than just build a website, they will be able to use the platform to promote and market their businesses. Japan is a very important and fast growing market for us as we have millions of Wix users here. We are committed to growing our teams, customers and valued partners as we expand our products, services and support across the country.”
“We are very pleased to announce our strategic partnership with Wix,” said Norio Sakai, President at NTT Town Page Corporation. “The Wix platform is currently used by over 160 million customers worldwide and is known for its beautiful design capabilities, management tools and powerful digital marketing features offered all in one place. In partnering with Wix to create a customized solution for the Japanese market and provide it as an NTT-TP service, we are actively addressing the issues of SMB owners who require improved marketing capabilities and the ability to attract more customers. With this new service we will fully support and enable business growth, and consider NTT-TP as a key partner for SMBs across Japan.”
The Israel based company Wix.com Ltd. moved with change of -2.36% to $136.94 with the total traded volume of 490218 shares in recent session versus to an average volume of 479.52K. The stock was observed in the 5 days activity at -6.61%. The one month performance of stock was -7.84%. WIX’s shares are at -0.90% for the quarter and driving a 24.89% return over the course of the past year and is now at 51.58% since this point in 2018. Right now the stock beta is 1.55. The average volatility for the week and month was at 3.83% and 3.05% respectively. There are 49.67M shares outstanding and 49.08M shares are floated in market.
Cheyenne Cox is a news report covering multiple Market and economy News. She is creative and highly professional writer. Cheyenne holds a degree in communication and journalism and has also a Diploma in digital marketing. She belongs to south Africa who has also lived in Europe and is currently based in the US.