Globant is trading at $30.34 (5.9% down) in after-hours trading as the stock faces continued pressure alongside the broader IT and tech services sector.
- The move follows a week of sharp volatility, with shares hitting a new 52-week low near $31.
- While there is no fresh company-specific news today, the stock has declined over 60% in the past year following multiple analyst earnings downgrades.
- The decline reflects broader sector-wide headwinds affecting tech services providers.