On September 28, Figure Technology Solutions fell 5.19% in regular trading, trading at $30.325/share, with turnover of approximately $29.52 million. The decline was primarily triggered by a disclosure that Foxconn's subsidiary HCM International disposed of 2.6 million common shares in Figure Technology Solutions.

According to a filing with the Taiwan Exchange dated September 25, HCM International held approximately 1.18% of Figure Technology Solutions prior to the disposal. The total monetary amount of the transaction will be calculated based on the actual disposal price in a separate disclosure. The significant shareholder reduction sent a negative signal to the market, pressuring the stock lower.

Notably, the company's fundamentals have shown strong momentum. In Q2, Figure Technology Solutions reported EPS of $0.35, beating the analyst consensus estimate of $0.23 by over 52%, while revenue reached $225.6 million, up 112% year-over-year. Earlier in September, BofA Securities upgraded the stock to Neutral from Underperform and raised its price target to $49 from $31, with the average analyst price target standing at $52.67.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)