Benzinga's Top #PreMarket Losers

Xoom Corporation XOOM shares fell 8.23% to $15.50 in pre-market trading. 8-K from Xoom showed that company has been a victim of criminal fraud related to employee impersonation. It is expecting $30.8 million in charge and projects Q4 sales of $43.1 to $43.6 million. Xoom filing also showed that CFO Matthew Hibbard has resigned. Analysts at Stifel Nicolaus initiated coverage on Xoom with a Buy rating. Michael Kors Holdings Limited KORS fell 2.77% to $71.00 in pre-market trading. Analysts at Credit Suisse downgraded Michael Kors from Outperform to Neutral and lowered the price target from $103 to $79. Rex Energy Corporation REXX shares dropped 2.33% to $4.62 in pre-market trading after falling 8.51% on Monday Qiagen NV QGEN shares declined 2.04% to $22.79 in pre-market trading after dropping 0.47% on Monday. CSX Corp. CSX shares dropped 1.05% to $34.51 in pre-market trading. Analysts at UBS downgraded CSX from Buy to Neutral and lowered the price target from $40 to $38.