Figma Inc. (FIG) shares closed at $36.76 on November 18, 2025, marking a 1.66% drop for the day and extending a four-day losing streak that has seen the stock fall 15.96% to a record low. The decline is attributed to institutional reallocation, notably by the Baron Fifth Avenue Growth Fund, which shifted capital into Figma while exiting other tech names, reflecting a broader move toward companies with more predictable growth amid macroeconomic uncertainty[1]. Despite Figma’s strong position in design software and a recent strategic partnership with ServiceNow to enhance AI-powered enterprise design, investor sentiment remains cautious due to ongoing market volatility and concerns about high-growth tech valuations[1][2]. No new major company-specific financial results or earnings were released on November 18, 2025.