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FIGS, Inc. (FIGS)

NYSE - NYSE Delayed Price. Currency in USD
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37.00-0.52 (-1.39%)
At close: 4:00PM EDT
37.05 +0.05 (+0.14%)
After hours: 07:29PM EDT
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  • R
    Rich
    more strange trading
  • R
    Rich
    bought 100 more shares under $36. bargain
  • M
    Mustacho
    Swing traders having fun with FIGS. Push it up to 37, down to 34, rinse and repeat.
  • W
    William
    My son is in medical school, and said literally everyone there wears Figs.
    My daughter works cardiac critical care at a local hospital, and again, everyone has or wants Figs.
    I'm taking this opportunity to double down....
  • J
    JT_kirk20
    the insiders are dumping on your heads

    FIGS, Inc. (NYSE: FIGS), a direct-to-consumer healthcare apparel and lifestyle brand, today announced the pricing of a secondary offering of 8,917,385 shares of its Class A common stock by Tulco, LLC, FIGS’ largest stockholder, and certain members of FIGS’ management team at a price to the public of $40.25 per share. The underwriters have a 30-day option to purchase an additional 1,337,607 shares of Class A common stock from the selling stockholders. The offering consists entirely of shares of Class A common stock to be sold by the selling stockholders, and FIGS will not receive any proceeds from the sale of shares in the offering. The closing of the offering is expected to occur on September 20, 2021, subject to satisfaction of customary closing conditions.
  • L
    Living
    62%short ratio
    Bearish
  • R
    Rich
    back to IPO prices
  • J
    JT_kirk20
    Why FIGS price fell
    https://archive.wealthpress.com/secondary-stock-offerings-good-or-bad/

    no wonder insiders are selling
    Heather L. Hasson, 10% Owner, Director, Co-Chief Executive Officer, on September 16, 2021, sold 2,419,998 shares in Figs (FIGS) for $97,404,920. Following the Form 4 filing with the SEC, Hasson has control over a total of 1,804,397 shares of the company, with 1,804,397 shares held directly. The market value of the direct and indirect holding, based on the transaction price, is approximately $72,626,979.

    now add a lock up date expiring 11/23/21 so then even more insiders can sell
    Have you ever taken the time to think if secondary stock offerings are good or bad for stockholders? Not sure? Let’s break it down...
    Have you ever taken the time to think if secondary stock offerings are good or bad for stockholders? Not sure? Let’s break it down...
    archive.wealthpress.com
  • J
    JT_kirk20
    Class A common stock offered by the selling stockholders
    8,917,385 shares



    Option to purchase additional shares of Class A common stock offered by the selling stockholders
    The selling stockholders have granted the underwriters a 30-day option to purchase up to 1,337,607 additional shares of our Class A common stock at the public offering price, less the underwriting discounts and commissions.



    Class A common stock to be outstanding after this offering
    151,111,820 shares



    Class B common stock to be outstanding after this offering
    12,302,907 shares



    Total common stock to be outstanding after this offering
    163,414,727 shares



    Use of Proceeds
    The selling stockholders will receive all net proceeds from the sale of the shares of Class A common stock to be sold in this offering, and we will not receive any of these proceeds. See the section titled “Use of Proceeds” for additional information.



    Voting Rights
    Shares of our Class A common stock are entitled to one vote per share. Shares of our Class B common stock are entitled to 20 votes per share.

    So our shares get diluted so insider can get rich by dumping
    8 million shares with Banksters GS and others, everyone gets paid except the
    private market shareholders

    So do you want to hold this junk ???
    I have been and will continue to sell

    Let Cramer buy them ....
  • J
    J R
    FIGS, Inc. (NYSE:FIGS) 9/20/21 CEO Sells $59,100,041.00 in Stock - American Banking News

    https://www.sec.gov/Archives/edgar/data/1843821/000089924321036680/xslF345X03/doc4.xml
  • A
    Aaron
    Just got in with 400 shares!
  • e
    eli
    The Louis Vuitton of scrubs.
    Bullish
  • b
    bill
    Institutions and Shorts cant hold it down forever. Sharp bounce back to $42 by close tomorrow coming
  • J
    JT_kirk20
    FIGS lock up date 11/23/21
  • b
    bill
    Same as always - don’t worry - online brokerages can’t hold it down forever. It will end and spike up toward the end until its back in upper 40’s - then to 50’s.
  • J
    JT_kirk20
    from the SEC filings
    We source raw material for our core scrubwear from, and conduct limited manufacturing in, the People’s Republic of China. With the rapid development of the Chinese economy, the cost of labor has increased and may continue to increase. Our results of operations will be adversely affected if the labor costs of our third-party suppliers and manufacturers increase significantly. In addition, our manufacturers and suppliers may be unable to find a sufficient number of qualified workers due to the competitive market for skilled labor in China.

    Conducting business in China exposes us to political, legal and economic risks. In particular, the political, legal and economic climate in China is fluid and unpredictable. Our ability to operate in China may be adversely affected by changes in U.S. and Chinese laws and regulations, including those related to taxation, import and export tariffs, environmental regulations, land use rights, intellectual property, currency controls, network security, employee benefits, hygiene supervision and other matters. In addition, Chinese trade regulations are continuously evolving, and we may become subject to other forms of taxation, tariffs and duties. Furthermore, the third parties we rely on in China may disclose our confidential information or intellectual property to competitors or third parties, which could result in the illegal sale of counterfeit versions of our products. If any of these events occur, our business, financial condition and results of operations could be adversely affected.

    plus FIGS lost .26 a share last Q
    and added 8 million more shares I guess the more share the lower the loss per share ?
  • R
    Rich
    That $35 price was insane!! incredibly cheap. Nurses and staff all are wearing and buy FIGS
  • R
    Rich
    early lockup?
  • T
    THE-MAX
    Well just looked at the finances.. I've many stocks with better earnings and rev for the last few qts.. and they keep going down.. this one loses last qt. and it's all the buzz.. go FIG-yarr... and another thing.. guessing here.. the clothes are made in India.. where child labor is still an issue?.. hehe THE MAX
  • D
    Daniel Miller
    want some shares but way over valued. i will be a buyer around 35
    Neutral
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