Could December Be the Turning Point for This Beaten-Down Tech Stock?

Figma (NYSE: FIG), a maker of design software, has endured a brutal period following its initial public offering (IPO). Since peaking at an intraday high of almost $143 per share in August, the stock has dropped precipitously. Today, at around $34 per share, it has lost over three-fourths of its value from its high and is close to its July IPO price of $33 per share.However, investors may take comfort in the fact that it established a low almost one month ago and has traded in a range since that time. Knowing that, could December be a turning point for Figma, or should investors expect more pain?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool