Why Figs Stock Lost 76% in 2022
Shares of Figs (NYSE: FIGS), the maker of nursing scrubs and other healthcare apparel, got crushed last year as growth at the recent IPO slowed, and valuations came down sharply in growth stocks.
According to data from S&P Global Market Intelligence, the stock finished the year down 76%.
As you can see from the chart below, most of the stock's losses came in the first half of the year.
Source Fool.com
