Movement Alert|Figure Technology Solutions Falls 5.43% in Regular Trading, Foxconn Unit Disposes of Shares

Market Focus
Oct 14

On October 14, Figure Technology Solutions fell 5.43% in Regular Trading, trading at $25.78 per share, with turnover of $10.5241 million.

The move appears tied to a disclosed share sale by HCM International, a unit of Hon Hai Precision Industry, which disposed of 2.6 million common shares in Figure Technology Solutions. The filing said HCM International held a 1.18% stake before the disposal, while the total transaction amount will be disclosed separately based on the actual disposal price.

As background, Figure Technology Solutions had reported stronger second-quarter results earlier, with revenue of $225.6 million and diluted EPS of $0.35, both above market expectations. Even so, the latest price weakness is more directly aligned with the shareholder disposal event than with operating fundamentals.

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