Cathie Wood Is Buying the Dip in Figma Stock. Should You?

Cathie Wood's Ark Invest purchased over 108,000 shares of Figma (FIG) through its ARK Next Generation Internet ETF (ARKW) after the design software company's stock plummeted nearly 20% following its disappointing first earnings report as a public company. The dramatic fall came after an equally spectacular rise. FIG stock more than tripled on its NYSE debut, opening at $85 and briefly touching $112 before closing at $115.50 for a 250% gain. Earlier this year, it raised $1.2 billion in its IPO, pricing sha ...