Why Figma Rallied on a Down Day for the Nasdaq

Shares of design collaboration software company Figma (NYSE: FIG) rallied 6.7% on Tuesday as of 12:15 p.m. ET.Figma just became a public company on July 31, and recently held its first earnings release on Sept. 3. The company, which Adobe attempted to acquire before Figma's initial public offering (IPO), has been a roller coaster stock-price wise. After rallying 250% after its IPO, the stock has come crashing back down to earth, but has still remained well above its $33 IPO price at roughly $57 heading into today. The stock surged higher after artificial intelligence darling OpenAI announced yesterday that Figma would be available to use inside OpenAI's ChatGPT app. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool