Benzinga's Top #PreMarket Losers

fell 7.90% to $188.11 in pre-market trading following comments from CEO Elon Musk. Musk commented to reporters ahead of the Automotive News World Congress presentation that Q4 sales in China declined significantly.

shares dropped 6.03% to $39.56 in pre-market trading after falling 1.08% on Tuesday.

shares declined 5.25% to $63.90 in pre-market trading. Goldman Sachs downgraded Red Hat from Neutral to Sell.

shares fell 2.28% to $70.00 in pre-market trading as the company reported earnings of $7 million for advancing ISIS-SMN Rx in children with spinal muscular atrophy.

shares dropped 1.85% to $57.75 in pre-market trading after the company reported results for the fourth quarter. The New York-based company posted quarterly net income of $4.9 billion, down from $5.3 billion, in the year-ago period. Earnings per share slipped to $1.19 from $1.30.