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Investing.com – Stocks in focus in premarket trade Wednesday:

• Alphabet (NASDAQ:) stock lost 1.98% by 8:12 AM ET (13:12 GMT) despite news that company’s for a radar-based motion sensing device known as Project Soli.

• Microsoft (NASDAQ:) stock fell 2.43% amid reports that the company received .

• Netflix (NASDAQ:) stock traded down 2.86% after the company was reported to after government officials complained. Separately, Reuters reported that the company would announce in the coming days that it had from Activision Blizzard (NASDAQ:) to be its new chief financial officer.

• Hertz Global (NYSE:) stock dropped 1.39% after the company agreed to pay a $16 million fine to settle a claim that it had misstated pretax income due to accounting errors.

• Prana Biotechnology (NASDAQ:) skyrocketed 67.97% after the company announced that it had entered a securities purchase agreement in which it would receive approximated $31 million as an investment from Life Biosciences.

• Iron Mountain (NYSE:) stock could see movement in the regular session after the company announced the acquisition of Lane Archive Technologies in the Philippines.

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