Investing.com – Stocks in focus in premarket trading on Wednesday:

• GameStop (NYSE:GME) stock slumped 15.5% in premarket trade by 8:20 AM ET (12:20 GMT) after its second-quarter sales fell short of expectations and the company lowered its comparable sales forecasts.

• Micron (NASDAQ:MU) stock gained 1.8% after Longbow Research upgraded its rating on the stock to “buy”, according to Reuters.

• Apple (NASDAQ:AAPL) stock inched up 0.4% after the company unveiled its latest iPhone updates on Tuesday and rolled out its streaming TV service for $5 a month, undercutting Disney and Netflix (NASDAQ:NFLX).

• Dave&Buster’s Entertainment (NASDAQ:PLAY) stock declined 15.7% after the entertainment company lowered its outlook due to competition in the sector.

• Tilray (NASDAQ:TLRY) stock slipped 2.8% after the cannabis company filed for a mixed shelf offering,

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