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Los Angeles, Calif., December 7, 2016. This is a short one. Just letting you know that we have added Wix (WIX) to our StockWatchIndex (SWI) Portfolio ten days ago. Wix's popularity is rapidly improving, based on it ease of use in creating sophisticated and visually appealing websites, high customer satisfaction supported by saturating TV advertising. We have spoken to users and believe there is a lot more to come.
WIX closed at $48.05 on Tuesday. Twelve (12) analyst have a Recommendation Rating
of "BUY" with a Target Price of $55.58
The SWI Portfolio has improved another 3% in 2 weeks for a total of 193% since inception. We would humbly like to point out that since inception two years ago, our SWI Portfolio has consistently outperformed all indices and many "Big-Firm" portfolios. Please let your friends know.
Lior Shemesh, the Wix CFO, will present at the Raymond James Technology Investors Conference in New York on Wednesday, December 7, 2016 at 10:45 a.m. EST. The event will be available via live audio webcast and archived replay on Wix's investor relations website at https://investors.wix.com.
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Rainer Poertner - Chief Analyst
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S
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