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Midday movers: Coinbase, Unity Software, GitLab and more

Investing.com
·1-min read

Investing.com -- Stocks are mixed on Tuesday on uncertainty about the direction of interest rates. Here are the market movers for June 6.

Coinbase Global Inc (NASDAQ:COIN) shares fell 12.6% after the Securities and Exchange Commission filed a lawsuit claiming the crypto exchange has violated securities laws. The move comes a day after the SEC sued Binance and its founder. Unity Software Inc (NYSE:U) shares fell 1.7% a day after a pop as it is working with Apple on the mixed reality headset Apple revealed on Monday. Apple Inc (NASDAQ:AAPL) shares were down 0.3%. Gitlab Inc (NASDAQ:GTLB) shares jumped 31.6% after it beat expectations for the recent quarter and gave an optimistic outlook, emphasizing artificial intelligence. Thor Industries Inc (NYSE:THO) shares rose 17% after the maker of recreational vehicles beat expectations and raised its guidance. JM Smucker Company (NYSE:SJM) shares fell 2.5% after the maker of jellies and jams beat expectations, as higher prices drove sales gains in the quarter. It sees fiscal year 2024 comparative net sales rising 8.5% to 9.5%, reflecting higher prices.

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