Here are some of the top movers during premarket trading Wednesday.
1. AMC Entertainment AMC | Up 2.8%
2. GameStop GME | Down 2%
GameStop soared 28% at one point in Tuesday premarket trading.
Investors scrambled to find clues behind the strongest rally in so-called meme stocks in more than two months.
3. Nordstrom JWN | Down 11%
Shares of Nordstorm (JWN) - Get Free Report slipped 10%. The luxury retailer reported that fiscal-second-quarter revenue doubled from a year earlier but fell slightly from the comparable 2019 quarter.
Nordstrom swung to a fiscal-second-quarter profit from a year-earlier loss.
4. Cassava Sciences SAVA | Down 28%
Shares of Cassava Sciences (SAVA) - Get Free Report fell after a lawyer asked the U.S. Food and Drug Administration to halt the company’s clinical trials of its Simufilam, a drug for Alzheimer’s disease, citing concern about the quality of past studies of the medicine.
5. Express EXPR | Up 8.1%
Shares of Express (EXPR) - Get Free Report rose after the apparel retailer posted a surprise second quarter profit. "We experienced an inflection point after the Fourth of July and have been driving a double digit [comparison] versus 2019 since that time," Chief Executive Tim Baxter said in a statement.