GitLab Stock Rockets 11% on Datadog Buyout Buzz – AI Moves and Analyst Reactions
GitLab Shares Surge on Takeover Speculation GitLab Inc.’s stock skyrocketed on October 16 following fresh buyout rumors. Shares jumped 10.6% intraday – from the mid-$40s to a $48.27 close – after a report that cloud-monitoring firm Datadog (DDOG) may be preparing a takeover bid ts2.tech. The rumored offer, above $60 per share, represents a hefty premium. Traders leapt at the news: GTLB’s ~11% one-day gain far outpaced the broader market, and volume exploded to ~19 million shares (about seven times the usual daily average) ts2.tech. The Datadog-GitLab chatter originated with a StreetInsider report and quickly spread on trading desks. According
