GitLab (GTLB) Drops 10.2% After Hours, Wiping ~$900M in Market Value
As seen on the 24/7 Wall St. homepage on September 2, 2026.
A 10.2% slide to $49.59 in after-hours trading takes roughly $900 million off an $8.3 billion company in one session. Moves this size rarely settle by the next open, so keep an eye on where it lands.
Continue ReadingShow less
GitLab is trading at $49.59 after hours, a roughly 10.2% single-session move that erases about $900 million in market value.
The slide came as steady pressure rather than one sharp spike, with the stock grinding lower and settling into a tight band just below $50 late in the after-hours window.
Disclosure
1 INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA( www.finra.org )/SIPC( www.sipc.org ). 2 The probability of a member receiving $3,000 is 0.028%. If you don’t make a selection in 45 days, you’ll no longer qualify for the promo. Members must fund their account with a minimum of $50.00 to qualify. The probability percentage is subject to decrease. Members are only eligible for the Stock Award promotion upon opening their first brokerage account; subsequent cash brokerage accounts are ineligible for the promo, including for members with multiple accounts. 3 Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. 4 There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event.
SoFi Active Invest is offering a limited-time promotion. Open an account, fund it with $50 or more, and you could receive up to $1,000 in complimentary stock for Active Invest accounts. See for yourself by clicking here now. (Sponsor)
Thin after-hours liquidity amplifies swings in both directions, so the $49.59 level is not necessarily where the stock opens the following morning. The gap from the regular-session close is wide enough to matter.
A 10%-plus after-hours move on a stock of this profile draws both bargain hunters and momentum sellers, which makes the next regular session's first hour the most informative read on which camp has the upper hand.
Sources
Mentioned: GTLB