FIGS surges 11% after billionaire Ron Baron pitches

Aug. 25, 2022 7:22 AM ETFIGS, Inc. (FIGS)By: Joshua Fineman, SA News Editor48 Comments

Portrait Of Laughing Multi-Cultural Medical Team Standing In Hospital Corridor

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  • FIGS, Inc. (NYSE:FIGSjumped 11% in premarket trading after billionaire famed invest Ron Baron said he has been purchasing shares of the healthcare apparel maker.
  • Baron is speaking in an interview on CNBC. He called FIGS "the Lululemon of healthcare."
  • FIGS, a direct-to-consumer seller of popular scrubs and other garbs for medical workers, went public in May of 2021 and its shares have dropped 55% since then through Wednesday.
  • Baron Capital owned 2.4 million shares of FIGS as of the end of June.
  • FIGS has short interest of 11%.

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