MBLY, EPAM, MKC and more

Take a look at the companies making the biggest moves in premarket trading:

Mobileye — Shares fell 5% after a Securities and Exchange Commission filing Monday showed an Intel subsidiary will sell 35 million Class A shares in a secondary offering. Mobileye will not receive any revenue from the sale.

Coinbase – Shares of the crypto company fell more than 15% in premarket trading after the Securities and Exchange Commission sued Coinbase, alleging that the company acted as an unregistered broker and exchange. The move comes shortly after the SEC filed a lawsuit against Binance on similar grounds.

Epam Systems — The software firm fell 2.9%, a day after the company posted second-quarter earnings and revenue guidance that fell short of analysts’ expectations. It also lowered the full-year result and revenue guidance to below analysts’ expectations.

Thor Industries — Shares rose nearly 10% after the RV maker reported earnings and revenue. The company has also raised its expectations for the full-year result.

McCormick — The stock rose about 2% after a double upgrade to buy from underperform by Bank of America. The Wall Street firm cited easing volume pressures and called the stock a “growth bearer.”

GitLab — Shares of the software development platform company jumped nearly 30% in premarket trading after Gitlab reported a smaller-than-expected first-quarter loss. GitLab reported an adjusted loss of 6 cents per share on $126.9 million in revenue. Analysts surveyed by Refinitiv expected a loss of 14 cents a share on $117.8 million in revenue. Turnover increased by 45% from year to year.

Ferguson — Shares of the distribution company fell 3.4% after Ferguson reported a 2% year-over-year decline in net sales for its fiscal third quarter. The Ferguson results topped analysts’ expectations, with adjusted earnings of $2.20 per share on $7.14 billion in net sales. Analysts expected $2.16 in adjusted earnings per share on $7.09 billion in revenue, according to StreetAccount.

JM Smucker — The food stock rose 1% in premarket trading after JM Smucker released its fourth-quarter financial results. The company reported $2.64 in adjusted earnings per share on $2.23 billion in revenue. Analysts polled had pulled in $2.41 in earnings per share on $9.56 billion in revenue, according to StreetAccount. However, JM Smucker’s full-year earnings guidance of $9.20 to $9.60 was on the low side of analyst estimates.

Apple — The iPhone maker fell less than 1% in premarket trading, a day after it launched its Vision Pro mixed reality headset. Wall Street analysts had mixed responses, with DA Davidson downgrading the stock to neutral.

– CNBC’s Jesse Pound contributed reporting.