Why Figma Stock Fell 28% in November
Figma (NYSE: FIG) fell again last month as the high-flying user-interface, user-experience (UI/UX) cloud software company continued to retreat following its blockbuster IPO at the end of July.
In November, the stock pulled back even as it delivered solid results as concerns about an AI bubble, competition from , and its valuation all seemed to weigh on the stock.
According to data from S&P Global Market Intelligence, the stock finished the month down 28%. As you can see from the chart below, shares were heading lower through most of the month, though it did recoup some of its losses when the S 500 rallied at the end of the month.
Source Fool.com
Adobe Inc. Stock
€222.05
0.910%
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