Software Stock Eyes Worst Day Since April After Earnings

Shares of GitLab Inc (NASDAQ:GTLB) are deep in the red this morning, off 10% at $43.68, after software company's disappointing second quarter and full-year guidance overshadowed a first-quarter earnings beat. No fewer than 14 brokerages have chimed in price-target cuts, the steepest coming from JPMorgan Securities to $52 from $58.Today's bear gap has the software stock eyeing its worst single-session drop since April 3. With a now 22% year-to-date deficit, shares of GTLB remain under the pressure of the ove ...