Why GitLab Stock Plummeted 24.8% Last Month and Has Kept Falling in March

GitLab (NASDAQ: GTLB) stock got hit with a precipitous sell-off in February. The company's share price sank 24.8% in the period's trading. The S&P 500 declined 0.9% over the stretch, and the Nasdaq Composite's level fell by 3.4%. There wasn't any major business-specific news that pushed GitLab's valuation lower last month, but the stock fell in conjunction with a broader-market pivot away from software stocks. Some hotter-than-anticipated inflation data at the end of the month also dragged the company's share price lower. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool