Figma Stock Slides After Earnings: Overreaction or Warning Sign?

Figma (NYSE: FIG) dazzled investors by tripling in its debut in July, a clear sign of excitement about the design software stock, but its first earnings report gave investors a different taste of what to expect in the future, and shares fell by double digits on the news.As of 12:01 p.m. ET on Thursday, the stock was down 16.1%, hitting a post-initial public offering (IPO) low as shares had already given back much of the early breakout gains.Figma is still trading more than 50% above its IPO price of $33, but it may be looking like a broken stock to those who bought it at a higher price.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool