Benzinga's Top #PreMarket Losers

Rackspace Hosting RAX fell 17.51% to $32.45 in pre-market trading after the company said it will remain independent despite "entertaining various proposals" from suitors. Retrophin RTRX shares dropped 9.93% to $11.25 in pre-market trading after the company reported that Marc Panoff will transition from his role as CFO. It also announced that director Jeffrey Paley has stepped down. PDL BioPharma PDLI shares slipped 7.15% to $8.96 in pre-market trading after the company reported that its independent registered accounting firm, Ernst & Young LLP resigned effective September 11, 2014. Adobe Systems ADBE dropped 3.93% to $67.95 in pre-market trading after the company issued a weak fiscal fourth-quarter forecast. Adobe reported its Q3 earnings of $0.28 per share on revenue of $1.01 billion. General Mills GIS shares dipped 3.25% to $51.45 in pre-market trading after the company reported weaker-than-expected fiscal first-quarter results.