On June 9, Figma declined 5.02% in regular trading, trading at $20.1/share, with trading volume of $158 million, extending its recent pullback trend.

On the news front, the application software sector continued to weaken collectively over multiple consecutive sessions, with broad-based selling pressure across the sector. Among sector peers, AppLovin fell 8.83%, IREN Ltd dropped 9.16%, Strategy declined 8.37%, Salesforce fell 4.9%, and Palantir Technologies lost 4.46%, with clear signs of profit-taking by institutional investors.

Figma had previously rallied on multiple tailwinds including activist investor Fundell Capital taking a position, AI application sector rotation, and Q1 revenue growth of 46% year-over-year. The stock had accumulated significant short-term gains during that rebound. Against the backdrop of sustained sector-wide correction, stocks with larger prior gains faced heavier selling pressure, contributing to Figma's continued pullback.

(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.)