Here are some of the top movers during premarket trading Wednesday.
1. Zoom Video ZM | Up 1.2%
Shares of Zoom Video (ZM) - Get Free Report rose Wednesday after the videoconferencing group posted stronger-than-expected first-quarter earnings. The company's near-term outlook eased concern about a slump in revenue as lockdown restrictions are eased across the world.
2. BlackBerry BB | Up 17%
The cybersecurity-software provider jumped amid a renewed push from retail investors who continue to collectively bet that the stock's value will rise.
3. AMC Entertainment AMC | Up 21%
Shares of AMC Entertainment (AMC) - Get Free Report surged as investors shrugged off a report that a hedge fund had sold its stake in the theater chain. AMC is a favored name among the Reddit investing crowd.
4. Tilray TLRY | Up 1.9%
5. Cinemark CNK | Down 2.9%
Shares of Cinemark (CNK) - Get Free Report dropped after Goldman Sachs downgraded the movie theater chain to sell from neutral. The investment firm said that the market appears too optimistic about the recovery for movie theaters.
6. Imax IMAX | Down 3.1%
Shares of Imax (IMAX) - Get Free Report fell after Goldman Sachs downgraded it to sell from neutral, saying an expected movie box office recovery in 2021 and 2022 is already reflected in the stock price.