Why Wix.com Stock Jumped Today

Shares of website building company Wix.com (WIX 8.33%) jumped on Wednesday after the company reported completed financial results for 2023. The company just capped off a good year that was better than what investors expected. That's why Wix stock was up about 9% as of 10 a.m. ET.How Wix turned things aroundWix generated record revenue of almost $1.6 billion in 2023, which was up 13% year over year. But I think the market is more impressed with its free cash flow of$ 182 million, which was nearly a 12% margi ...