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Premarket Movers Friday: Vertex Pharma, AMC, Dave & Buster’s

Stocks moving in premarket trading Friday include Vertex Pharma, AMC, Dave & Buster’s, GameStop and Snowflake.

Stock futures were rising Friday as Wall Street appeared to put aside concerns about rising inflation. 

Here are some of the top movers during premarket trading on Friday:

1. Vertex Pharmaceuticals | Down 14%

Vertex Pharmaceuticals  (VRTX) - Get Report shares fell after the company halted a closely watched effort to develop a therapy for a rare genetic disorder that affects the lungs and liver. Analysts took the price drop as reason to jump in to the stock.

2. AMC Entertainment | Up 5.9%

AMC Entertainment  (AMC) - Get Report rebounded after the movie-theater chain turned meme-stock mascot was upgraded at S&P Global, thanks to its  efforts to raise cash and pay down pandemic-induced debt. S&P Global upgraded the company’s credit rating two notches, to CCC+ from CCC-.

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3. Dave & Buster's Entertainment | Up 5.1%

Shares of Dave & Buster’s (PLAY) - Get Report rose after the entertainment/restaurant chain reported stronger-than-expected results for its latest quarter. The company registered revenue of $265.3 million, compared with $159.8 million a year earlier. Analysts called for revenue of $246.3 million.

4. GameStop | Up 4.7%

GameStop  (GME) - Get Report rose after the videogame retailer tumbled 27% in the previous session. The company on Wednesday had reported a narrower-than-expected first-quarter loss, but on May 26 it received a request from the Securities and Exchange Commission for a "voluntary production of documents" linked to an investigation concerning trading activity.

5. Snowflake | Down 4%

Snowflake  (SNOW) - Get Report shares eased after the data-analytics platform presented its financial targets at the company's Investor Day meeting. The company forecast reaching $10 billion in annual product revenue by 2029, compared with $554 million in the fiscal year ended in January.