Today's Pre-Market Stock Movers: COIN, GTLB, MKC, and More

Movers and Shakers wrote a column · Jun 6, 2023 07:44

Gapping up

$Gitlab(GTLB.US)$ +30% (Gitlab reported a smaller-than-expected loss for its first quarter. )

$McCormick & Co(MKC.US)$ +2% (The stock upgraded to buy from underperform by Bank of America. The Wall Street firm cited easing volume pressures and called the stock a "growthy staple.")

$Thor Industries(THO.US)$ +10% (The RV manufacturer reported an earnings and revenue beat. The company also upped its full-year earnings guidance.)

Gapping down

$Coinbase(COIN.US)$ -15% (The Securities and Exchange Commission sued crypto exchange Coinbase in New York federal court on Tuesday morning, alleging that the company was acting as an unregistered broker and exchange and demanding that the company be "permanently restrained and enjoined" from continuing to do so.)

$EPAM Systems(EPAM.US)$ -2.9% (The company posted second-quarter earnings and revenue guidance that was below analysts expectations. It also lowered its full-year earnings and revenue guidance to below analysts' expectations.)

$Mobileye Global(MBLY.US)$ -5% (Securities and Exchange Commission filing Monday that showed an Intel subsidiary will sell 35 million Class A shares in a secondary offering. Mobileye will not receive any proceeds from the sale.)

Source: CNBC

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