Movement Alert|Figure Technology Solutions Rises 5.46% in Regular Trading, Blockchain Sector Boosted by SEC Tokenized Stock Exemption

Market Focus
Sep 18

On September 18, Figure Technology Solutions rose 5.46% in regular trading, trading at $35.51 per share, with turnover of approximately $8.68 million. The stock outperformed the broader Consumer Finance sector, where most peers posted modest declines.

On the news front, the U.S. Securities and Exchange Commission announced a five-year exemption arrangement for tokenized stock trading, sparking a broad rally in crypto and blockchain-related equities. As a company built around blockchain-based products and solutions aimed at promoting efficiency and liquidity in financial markets, Figure Technology Solutions stands to benefit directly from this regulatory development. Major crypto-linked names such as Circle, Coinbase, and Robinhood each surged over 5% on the same session.

Additionally, BofA Securities recently upgraded Figure Technology Solutions from Underperform to Neutral and raised its price target significantly from $31 to $49, reflecting growing confidence in the company's outlook. The upgrade followed a strong Q2 earnings report in which the company posted EPS of $0.35, beating the consensus estimate of $0.23 by over 52%, while revenue of $225.6 million surpassed the $208.2 million forecast.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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