Movers & Shakers: Gitlab soars more than 20% as it spotlights AI efforts, while Mobileye stock falls

June 6, 2023

Here are some of the bigger movers ahead of Tuesday’s stock market open.

Stock gainers:

GitLab Inc.
GTLB,
+4.95%
shares surged 26% in premarket trading, following an earnings report that beat expectations and played up the software company’s efforts in artificial intelligence.

Sprinklr Inc.
CXM,
+2.41%
rose 8% in premarket trading after the enterprise-cloud-software-products provider guided for higher-than-expected profit and revenue in its fiscal year. The company’s results beat analysts forecasts in the latest quarter.

Stock decliners:

Shares of self-driving technology developer Mobileye Global Inc.
MBLY,
-2.73%
are down more than 5% after the company said it was launching a secondary offering of 35 million of its shares, which are being sold by an Intel Corp.
INTC,
-4.63%
subsidiary.

— Barbara Kollmeyer contributed to this report

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