FIG is trading at $19.20 (-4.24%) as investors lock in profits following recent gains and a broader market rotation out of high-multiple SaaS names.
- The stock retreated from May highs of $20.66 and $20.05, cooling off after significant rallies of +6.5% and +6.6% earlier this month.
- The decline aligns with a 1.35% drop in the NASDAQ driven by inflation data, with the move occurring ahead of FIG's Q1 earnings report scheduled for May 14.