MBLY, EPAM, MKC, and more

Check out the companies making the biggest moves in pre-market trading:

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

Coinbase Shares of the crypto company sank more than 15% in pre-market trading after the Securities and Exchange Commission sued Coinbase, alleging that the company was operating 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 company fell 2.9%, a day after the company reported second-quarter earnings and revenue guidance that fell short of analyst expectations. It also cut its full-year earnings and steered revenue below analyst expectations.

Thor Industries — Shares jumped nearly 10% after the RV manufacturer was mentioned Outperform profits and revenues. The company also raised full-year earnings guidance.

McCormick — The stock added about 2% after a double upgrade to buy from underperforming Bank of America. The Wall Street firm noted easing volume pressures and called the stock a “growing staple.”

GitLab Shares of the software development platform company rose nearly 30% in pre-market 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 had expected a loss of 14 cents per share on $117.8 million in revenue. Revenue grew 45% year-over-year.

Ferguson Shares of the distribution company fell 3.4% after Ferguson reported a 2% decline in net sales for the fiscal third quarter year over year. Ferguson’s results topped analyst 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 — Food stocks rose 1% in pre-market 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 surveyed had put earnings per share at $2.41 on $9.56 billion, according to StreetAccount. JM Smucker’s full-year earnings guidance of $9.20 to $9.60, however, was on the low side of analyst estimates.

Apple — The iPhone maker fell less than 1% in pre-market trading, the day after it launched its Vision Pro mixed-reality headset. Wall Street analysts’ reaction was mixed, with DA Davidson downgrading the stock to neutral.

— CNBC’s Jesse Pound contributed reporting.