FIGS Inc. (NYSE:FIGS) rose 4.2% in premarket trading amid bullish comments from billionaire investor Ron Baron.
Baron talked positively about the healthcare apparel maker in an interview with CNBC on Tuesday.
Baron Capital is the second biggest holder of FIGS and owns 16 million shares, or a 10% stake, as of the end of October.
Baron previously pitched FIGS in an August interview on TV.
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 58% through Monday.