Why Figma Stock Tumbled Today
Shares of Figma (NYSE: FIG) were having another awful day as the design-focused cloud software stock tumbled as part of a broad-based sell-off in the software sector that seemed driven by declines in sector leaders like ServiceNow (NYSE: NOW) and Microsoft (NASDAQ: MSFT) today. German software giant SAP (NYSE: SAP) also gave disappointing guidance in its earnings report.
Figma stock, which has plunged in recent months following a post-IPO pop last August, was approaching all-time lows, down 9.4% as of 1:59 p.m. ET.
Image source: Figma.
Source Fool.com
SAP SE ADR Aktie
147,00 €
-1,34 %
Klares Signal: SAP SE ADR wird ausschließlich zum Kauf empfohlen.
Ein prognostiziertes Kursziel von 278 € für SAP SE ADR zeigt ein Potenzial von über 50% im Vergleich zum aktuellen Kurs von 147.0 €.
