Gitlab Inc. (NASDAQ:GTLB) Class A shares may move 14% when the company reports earnings on June 2 after market close, according to options data compiled by Bloomberg.
The options data shows that in two of the past eight earnings announcements, the stock’s actual price movement exceeded the implied move predicted by options traders.
On September 3, 2024, shares moved 14.9% following the earnings release, surpassing the 14% implied move. On June 3, 2024, the stock declined 18.9%, also exceeding the 14.4% implied move.
In the six other earnings reports since June 2024, the actual price changes remained within the range predicted by options.
This article was generated with the support of AI.
