Figma closed 6.42% down at $29.57, marking a new 52-week low, with the decline attributed to broader market weakness and persistent tech sector volatility; the stock is currently trading at $29.53 in pre-market activity.
- Trading volume was elevated at 7.86 million shares, approximately 10% above the average.
- The stock has experienced a severe downtrend over the past week, resulting in a cumulative decline of approximately 20.6% since January 8.
- No company-specific news or announcements were found to explain the sharp movement.