Shares of Gartner Inc. (NYSE: IT) are trading just over $240, down from $340 barely two weeks ago. The stock had already been trending lower since February, but few could have predicted the sheer scale of the collapse over the past fortnight. Last week’s Q2 earnings release sparked a single-session drop of 30%, adding to a selloff that has now taken shares 60% below their February peak and back to price levels not seen since 2021.
On the surface, it looks like a textbook example of a stock in free fall, the kind that most investors instinctively avoid. But a rare setup forming here could reward those willing to take a contrarian approach.
