Movers & Shakers: Coinbase, Apple stocks falls while GitLab, Thor shares rally, and other stocks on the move


Here are some stocks seeing bigger movers on Tuesday:

Stock gainers:

Shares of Thor Industries Inc. shot THO, +14.86% up 15% in morning trading after the recreational vehicle maker reported a fiscal third-quarter adjusted profit that was more than what was expected, and nudged up its full-year outlook.

Rival RV maker Winnebago Industries Inc.’s stock WGO, +9.01% jumped more than 7% in sympathy. The company projected by FactSet to report quarterly results on or about June 21.

Mereo BioPharma Group PLC shares MREO, +8.57% gained 3.3% and Ultragenyx Pharmaceutical Inc.‘s stock RARE, +1.72% gained 1.5% after the companies announced positive results from a study of setrusumab in patients with osteogenesis imperfecta, a group of genetic bone disorders.

GitLab Inc. GTLB, +30.82% shares surged 20%, following an earnings report that beat expectations and played up the software company’s efforts in artificial intelligence.

Sprinklr Inc. CXM, +9.79% rose 8% after the enterprise-cloud-software-products provider guided for higher-than-expected profit and revenue in its fiscal year. The company’s results beat analysts forecasts in the latest quarter.

Stock decliners:

Coinbase Global Inc. shares COIN, -13.77% tumbled 14% after the U.S. Securities and Exchange Commission charged the cryptocurrency exchange with operating an unregistered national securities exchange.

Apple Inc.’s stock AAPL, -0.79% fell 0.8%, after a mixed reaction from Wall Street analysts to the smartphone behemoth’s unveiling of its mixed-reality headset, which was priced at $3,499.

Shares of J.M. Smucker Co. SJM, -2.07% fell 2.4%, after parent of consumer brands including Folgers, Smuckers, Dunkin’ and Meow Mix, beat fiscal fourth-quarter profit expectations, while providing a full-year outlook for free cash flow that was well below forecasts.

Merck & Co. Inc. shares MRK, -1.20% shed 0.9% after the drug giant filed a lawsuit against the federal government over the Medicare drug price negotiation program established last year as part of the Inflation Reduction Act.

Shares of self-driving technology developer Mobileye Global Inc. MBLY, -1.22%  fell 1.1%, to pare earlier losses of as much as 4.6%, after the company said it was launching a secondary offering of 35 million of its shares, which are being sold by an Intel Corp.  INTC, +4.69%  subsidiary.

— Barbara Kollmeyer contributed to this report

This article was originally published by Read the original article here.

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