Why Figma Stock Climbed 13% in August
Figma overcame a post-earnings sell-off thanks to strong reports from its peers.
Overview
Shares of Figma (NYSE: FIG) were moving higher last month, benefiting from a broad recovery in software stocks as fears of AI disruption faded and as the cloud design software delivered another strong earnings report, though the stock fell immediately after it.
According to data from S&P Global Market Intelligence, the stock finished August up 13%. As you can see from the chart below, the stock was volatile over the course of the month, falling on its earnings report early in the month, but jumped on Aug. 13 and later in the month on Aug. 27 when Salesforce delivered a strong earnings report.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.