Benzinga’s Top Pre-Market NASDAQ Losers (PSTB, TSTC, PDLI, ARNA)
PARK STERLING BANK (NASDAQ: PSTB) dipped 18.75% to $6.50 in the pre-market session. PSTB has planned to raise $230 million by offering 23 million shares at a price range of $9-$11.
Telestone Technologies Corp (NASDAQ: TSTC) lost 16.19% to $11.39 in the pre-market session. TSTC has reported a 15% y/y fall in its Q2 net income.
PDL BioPharma Inc (NASDAQ: PDLI) fell 10.16% to $5.57 in the pre-market session. PDLI has received a letter from the Genentech unit of Roche Holding AG that says that some Genentech's products are not infringing PDL's patents in Europe.
Arena Pharmaceuticals Inc (NASDAQ: ARNA) slipped 3.77% to $6.90 in pre-market trading. ARNA’s trailing-twelve-month ROE is -203.31%.
Read more from Benzinga's Company news.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
We're Loving
