FIG at $69 After 40% Drop From IPO Highs
NYSE:FIG Stock Struggles at $69 But Market Still Prices in Hyper-Growth
NYSE:FIG Trading Action and Market Capitalization
Figma Inc. (NYSE:FIG) is currently changing hands around $69.62, showing only a marginal +0.30% move intraday, but the context behind this price is much larger. The stock has collapsed nearly 40% from its 52-week high of $142.92, now trading just above its 52-week low of $67.02, leaving Figma’s market capitalization at $33.8 billion. Trading volumes have also normalized after the IPO frenzy, with the most recent 10-day average sitting at 10.3 million shares, down sharply from the 20.6 million three-month average, suggesting that speculative froth is beginning to cool and long-term holders are slowly emerging.
