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Benzinga's Top #PreMarket Losers

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Oncothyreon (NASDAQ: ONTY) fell 15.47% to $2.35 in pre-market trading. Form 8-K from Oncothyreon showed that EMR 63325-009 did not meet endpoint.

Elizabeth Arden (NASDAQ: RDEN) shares slipped 15.45% to $16.58 in pre-market trading after the company reported a fiscal fourth-quarter loss. Elizabeth Arden reported that funds affiliated with Rhone Capital have agreed to buy $50 million in preferred shares and receive warrants for 2.5 million shares.

El Pollo Loco Holdings (NASDAQ: LOCO) shares declined 5.57% to $31.35 in pre-market trading. Morgan Stanley initiated coverage on El Pollo Loco with a Underweight rating and a $22.00 price target.

Target (NYSE: TGT) dropped 3.93% to $56.25 in pre-market trading. Target is expected to report its quarterly earnings on August 20, 2014.

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