Down 35% After 2 Weeks, Is Figma a Good Stock to Buy on the Dip?

Shares of Figma (NYSE: FIG) recorded gains for one day following the user interface design specialist's initial public offering (IPO) on July 31. Sadly, the good times didn't last very long. From the closing bell on Aug. 1 through Aug. 15, the newly minted stock fell by 34.9%.Figma shares are way down from their previous peak, but it would be dead wrong to suggest the IPO wasn't a success. The stock finished Aug. 15 above $79 per share, which was 141% more than the initial offering price of $33 per share.As is usually the case when a popular stock falls dramatically, investors want to know whether it could be a smart buy on the dip. Let's weigh reasons to buy the stock now against some of the challenges that lie ahead to find out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool