Figma, Inc. (NYSE:FIG) saw its stock price fall to a new 52-week low on Thursday, hitting $19.85 during trading before closing at $22.47. The trading volume was notably high, with over 24 million shares exchanged. This decline followed recent insider selling, including the sale of 7,671 shares by General Counsel Brendan Mulligan.
The stock had closed at $21.39 the previous day, marking a significant intraday drop. Insider transactions like these often attract investor attention as potential indicators of company outlook or confidence.
**Why this matters**
Insider selling can signal changes in management sentiment or personal financial decisions, which may influence investor perceptions. The sharp decline to a 12-month low could affect market confidence and warrants close observation of Figma’s upcoming performance and announcements.
Source: NewsData