FIG is trading at $26.56 (-4.60%) as of 12:29 PM EST, extending its decline following scrutiny over its new AI credits subscription model launched on March 12.
- The stock is facing continued pressure after yesterday's -1.80% close at $27.84, driven by profit-taking and analyst price target cuts amid profitability concerns.
- Broader market headwinds are amplifying the move, with the S&P 500 down 1.11% and the NASDAQ down 1.44% as geopolitical tensions in the Middle East weigh on investor sentiment.