FIG is trading at $23.18 (-4.86%) after giving back part of its recent post-earnings rally amid a broader market sell-off.
- The stock is pulling back from its May 18 close of $24.36, continuing a period of volatility following its May 14 earnings update.
- The move appears driven by macro factors rather than company-specific news, with growth stocks under pressure as Treasury yields rise.
- FIG is likely tracking the broader Nasdaq decline as investors rotate out of high-growth names.