Here are some of the top movers during premarket trading on Wednesday.
1. Quantumscape QS | Up 12%
Shares of Quantumscape (QS) - Get QuantumScape Corporation Class A Report advanced after the electric-vehicle-battery startup said it was able to produce multilayer battery cells, a crucial step in making solid-state lithium-metal batteries for EVs.
2. Shopify SHOP | Down 3.5%
Shares of Shopify (SHOP) - Get Shopify Inc. Class A Subordinate Report dropped even after the e-commerce software provider reported better-than-expected fourth-quarter earnings. The coronavirus pandemic has driven demand for its services.
Revenue rose 92% to $977.7 million, ahead of analysts' expectations of $913.1 million.
3. Slack WORK | Down 2.9%
Shares of Slack (WORK) - Get Slack Technologies, Inc. Class A Report dropped after the Department of Justice's Antitrust Division sent both Slack and Salesforce (CRM) - Get Salesforce Inc. Report a second request seeking more information on their proposed $27 billion merger deal.
4. Verizon VZ | Up 4%
5. Chevron CVX | Up 3.8%
6. Ford F | Up 1.2%
Shares of Ford (F) - Get Ford Motor Company Report rose early Wednesday after the Dearborn, Mich., automaker said it was investing $1 billion in an electric-vehicle-production facility in Cologne, Germany.