Gitlab (GTLB) Surges 9.3%: Is This an Indication of Further Gains?
GTLBGitlab (GTLB) ZACKS·2024-07-18 23:35

GitLab Inc. (GTLB) shares rallied 9.3% in the last trading session to close at $55.39. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 17.8% gain over the past four weeks. The upswing in Gitlab shares were driven by a rumor that it is considering selling off its business. Gitlab's expanding clientele, strong partner-base and the rapid adoption of DevSecOps platform has been a tailwind for the company. This co ...