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Why Figs Stock Was Climbing on Monday

TheMotleyFool

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Why Figs Stock Was Climbing on MondayPhoto, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

The stock of direct-to-consumer (DTC) healthcare apparel company Figs (NYSE: FIGS) climbed as much as 16% during trading hours on Monday, and as of 3:50 p.m. EDT, the stock was up 12.4%. The recent IPO has gotten multiple bullish notes from Wall Street analysts in the past week. Since its IPO in late May, Figs is up over 60%, making it one of the top-performing stocks over that time period.

Image source: Getty Images.

Source Fool.com

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