Benzinga’s Top Pre-Market NASDAQ Losers (MNTA, WERN, NVDA, ARMH)

By Monica Gerson
Benzinga Staff Writer
July 27, 2010 7:45 AM

Symbols: ARMH, MNTA, NVDA, RMBS, WERN

Posted in: News, Earnings, Short Ideas, Downgrades, Pre-Market Outlook, Intraday Update, Markets, Analyst Ratings, Trading Ideas

Momenta Pharmaceuticals Inc (NASDAQ: MNTA) dipped 4.17% to $25.02 in the pre-market session. Momenta has received approval from the Food and Drug Administration (FDA) to market a generic version of Sanofi's blood-thinner drug, Lovenox.

Werner Enterprises Inc (NASDAQ: WERN) lost 2.04% to $23.55 in the pre-market session. Analysts at Deutsche Bank downgraded WERN from “buy” to “hold.”

NVIDIA Corporation (NASDAQ: NVDA) fell 1.42% to $10.40 in the pre-market session. Rambus Inc (NASDAQ: RMBS) had won its fight against NVDA and other companies yesterday after the trade panel agreed that RMBS’ patents were getting infringed. NVDA has, however, decided to appeal against the decision.

ARM Holdings Plc (NASDAQ: ARMH) slipped 1.20% to $15.70 in pre-market trading. ARMH has reported better-than-expected Q2 earnings.

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