Benzinga's Top Pre-Market Losers

Targacept Inc

shares fell 26.61% to $5.71 in the pre-market trading. Targacept announced top-line results from the second of four RENAISSANCE Phase 3 studies of TC-5214 as an adjunct therapy in patients with major depressive disorder. Red Hat Inc

dipped 6.93% to $42.86 in the pre-market session. RHT projected current-quarter earnings of $0.26 to $0.27 per share on revenue of $289 to $292 million. However, analysts were expecting a profit of $0.26 per share on revenue of $292.5 million. General Mills Inc

dipped 1.49% to $39.00 in the pre-market session. GIS reported a 28% decline in its fiscal second-quarter net income AT&T Inc

moved down 1.01% to $28.45 in the pre-market session. AT&T dropped its $39 billion bid to acquire T-Mobile USA.