Figma Surges 6.63% on $650M Volume Stalls at 177th Market Activity Rank
, 2025, , . The stock’s performance drew attention amid mixed investor sentiment toward tech sector dynamics.
Recent updates highlighted Figma’s strategic focus on expanding its design-to-development workflow tools, which analysts suggest could solidify its position in the competitive SaaS space. A key catalyst appeared to be the company’s announcement of enhanced collaboration features for enterprise clients, potentially broadening its appeal in large-scale adoption scenarios.
Market participants also noted the absence of major macroeconomic triggers influencing the stock’s movement, with the rally primarily attributed to product-driven optimism. However, concerns over broader market volatility and sector-specific valuation pressures remained under discussion among traders.
To run this back-test accurately I need to clarify a couple of practical details: 1. Universe • Which market do you want to screen for the “top 500” – e.g., all U.S. listed shares (NYSE + NASDAQ), only S&P 500 constituents, or another universe? 2. Re-ranking rule • Should the list of 500 names be re-selected every trading day (true “top 500 by that day’s volume”), or do you want to fix the list once (e.g., choose the 500 most-traded stocks in 2022-01 and keep them constant)? 3. Weighting & execution conventions • Equal-weight each stock? • Buy at the next day’s open and sell at that day’s close (T+1 intraday hold), or buy at the close of the ranking day and sell at the next day’s close?


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