Coinbase shares fell over 13% after the SEC sued the company for operating as an unregistered exchange and broker. GitLab surged over 30% after posting a smaller-than-expected loss for Q1. Thor Industries jumped 16% after reporting better-than-expected Q3 earnings and raising its full-year guidance. Regional bank stocks, including Zions Bancorporation, Comerica, and KeyCorp, rose broadly. HealthEquity added about 13% after beating earnings expectations and raising its full-year guidance. VF Corp rose over 7% after announcing the opening of a new distribution center in California.
Mobileye's shares fell 5% after an Intel subsidiary announced a secondary offering of 35 million Class A shares. Epam Systems fell 2.9% after posting Q2 earnings and revenue guidance below analysts' expectations and lowering its full-year guidance. Thor Industries surged nearly 10% after reporting an earnings and revenue beat and raising its full-year guidance. GitLab's shares surged nearly 30% after reporting a smaller-than-expected loss for Q1. Apple's shares dipped less than 1% after releasing its Vision Pro mixed reality headset.
Thor Industries and Winnebago Industries stocks rose after Thor reported better-than-expected earnings and raised its full-year outlook. GitLab shares surged following an earnings report that beat expectations. Coinbase shares tumbled after the SEC charged the cryptocurrency exchange with operating an unregistered national securities exchange. Apple's stock fell after mixed reactions to its mixed-reality headset unveiling. Merck & Co. filed a lawsuit against the federal government over the Medicare drug price negotiation program.
