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Premarket Movers Wednesday - Quantumscape, Slack, Shopify

Stocks moving in premarket trading on Wednesday include Slack, Chevron, Verizon and Quantumscape.

Stock futures were mixed Wednesday as Wall Street expected inflation to rise amid an economic recovery.

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.

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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%

Shares of Verizon  (VZ) - Get Verizon Communications Inc. Report rose after Warren Buffett’s Berkshire Hathaway undefined undefined disclosed a stake in the telecom giant.

5. Chevron CVX | Up 3.8%

Shares of Chevron  (CVX) - Get Chevron Corporation Report rose Wednesday after Warren Buffett’s Berkshire Hathaway disclosed a $4.1 billion stake in the oil major.

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.

7. Hilton HLT | Down 1.4%

Shares of Hilton  (HLT) - Get Hilton Worldwide Holdings Inc. Report fell in premarket trading after the hotel chain reported a surprise fourth-quarter loss and revenue that missed estimates.