Aug 01, 2025 (Baystreet.ca via COMTEX) --
The hot stock market created the perfect conditions for Figma (FIG) to complete its initial public offering. FIG stock opened at around $80 and closed at $115.50, up by 250%. Retail investors were out of luck. Requests to buy 200-300 shares did not fill. Retailers could only get a handful of shares (fewer than 10).
Figma is a software company that Adobe (ADBE) wanted to acquire. It provides tools for creating user interfaces and user experiences for websites, apps, and digital products.
Beware: FIG stock faces an insider lockup expiry that is typically between 90 to 180 days.
Reddit (RDDT) will open up by nearly 20%. The firm posted a 77.8% Y/Y increase in revenue. In Q3, it is expecting revenue of up to $545 million, compared to $500 million in Q2. Adjusted EBITDA is $185 million to $195 million.
Ford Motor (F) gained a modest 1.84% after posting second-quarter results. This is considered a hot return, since a hefty $800 million tariff impact did not cause a sell-off. For the year, Ford will face $2 billion in costs, up from $1.5 billion previously estimated.
In the quarter, Ford earned a $0.37 a share profit. This is enough to cover the $0.15 per share dividend. F stock yields 5.52% at a $11.07 closing price.
COMTEX_467714165/2559/2025-08-01T09:42:35
