Figma stock price sinks near a 52-week low as Wall Street resets targets and insiders sell
Figma shares dropped 6.4% Friday to $29.57, near their 52-week low. Morgan Stanley cut its price target to $48 from $65 but kept an Equal-Weight rating. CEO Dylan Field sold 250,000 shares Jan. 14 under a pre-set plan, with prices between $32.07 and $34.14. U.S. markets close Monday for Martin Luther King Jr. Day.