Stocks making the biggest moves midday: Coinbase, GitLab, HealthEquity and more

Here are the stocks making the biggest moves in midday trading on Tuesday, June 6.

Coinbase — Shares of the crypto exchange fell more than 13% after the Securities and Exchange Commission sued Coinbase on Tuesday. The regulator alleged that the company was operating as an unregistered exchange and broker. Coinbase said it would continue to operate its business as usual during the litigation.

GitLab — The software stock surged more than 30%. The action comes a day after GitLab posted a smaller-than-expected loss for the first quarter of fiscal 2024. Gitlab reported a 6-cent loss per share, better than the 14-cent loss per share the consensus anticipated, according to Refinitiv.

Thor Industries — Shares of the recreational vehicle company jumped 16% after Thor Industries reported a better-than-expected fiscal third quarter. Thor reported earnings of $2.24 per diluted share, while analysts surveyed by FactSet were expecting $1.07 per share. The company also raised the lower end of its full-year earnings guidance.

Zions Bancorp, Comerica, KeyCorp — Regional bank stocks moved broadly higher on Tuesday. Shares of Zions and Comerica rose more than 6% each, while KeyCorp added 5.5%. The SPDR Regional Bank ETF (KRE) was on track for its third positive day in four as the sector looks to recover from its deep sell-off earlier this year.

McCormick — The spice maker saw its shares rise about 1.5% after Bank of America double-upgraded the condiments stock to buy from underperform. The Wall Street firm said the company is set for smooth sailing as volume pressures have eased and margins and costs improved.

HealthEquity — The stock added about 13% the day after it beat expectations on earnings and gave positive full-year guidance. HealthEquity, which administers health savings accounts, posted adjusted earnings of 50 cents per share…