JFrog’s Russell inclusion lands as software stocks slide
JFrog shares dropped 4.3% to $84.29 on the Nasdaq by 3:08 p.m. in New York, reversing earlier gains after the company announced it will join the Russell 3000 index following the June 26 close. Software stocks broadly declined, with the S&P Software & Services index down 3.9%. JFrog reported $154 million in first-quarter revenue in May, up 26% year-on-year.