Figs had a rough day and is now down -6.85%. Investors weren't too impressed with the future outlook for the asset which caused some selling on weak demand.
Figs doesn't seem to be at a very clear reversal point in either direction. FIGS hasn't established a very clear directional momentum over the last few months. So it's not clear exactly where it's going. It might slide down to the $8.33 level and find some buyers to give it support.