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Midday movers: Coinbase, Unity Software, GitLab and more

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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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.