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Why Figma Stock Is Plummeting Today

TheMotleyFool

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Figma (NYSE: FIG) stock is sinking rapidly in Thursday's trading. The company's share price was down 17.7% as of 12:30 p.m. ET and had been down as much as 21.9% earlier in trading.

After the market closed yesterday, Figma published its first quarterly report as a publicly traded company. While its sales and earnings for the second quarter were slightly better than Wall Street's targets, the company's forward guidance is driving sell-offs for the stock today.

Image source: Getty Images.

Source Fool.com

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