Benzinga’s Top Pre-Market Losers (UMPQ, AKAM, CREE, DBTK, PENN, MCO)

Umpqua Holdings Corporation (NASDAQ: UMPQ) decreased 4.77% to $11.37 in the pre-market session. Umpqua Holdings announced yesterday the pricing of its underwritten public offerings, raising gross proceeds of $264 million. The 52-week trading range for UMPQ is $6.68 - $14.24. Umpqua Holdings Corporation has gained over 18% in the last six months.

Akamai Technologies, Inc. (NASDAQ: AKAM) tumbled 4.15% to $25.40 after Akamai Technologies online reported yesterday a fourth quarter revenue of $238.3 million, as compared to $212.6 million for the same quarter last year. The 52-week trading range for AKAM is $14.13 - $27.28. Akamai Technologies has surged over 60% in the last six months.

Cree, Inc. (NASDAQ: CREE) plunged 2.40% to $58.50 in the pre-market session. The 52-week trading range for CREE is $17.88 - $63.95. Cree has climbed over 200% in the last year. CREE closed at $59.94 in the previous trading session.

Double-Take Software, Inc. (NASDAQ: DBTK) plunged 15.12% to $8.70 after Double-Take announced yesterday that for the first quarter of 2010, it expects revenue to be in between $20.0 million - $21.2 million, adjusted non-GAAP operating income to be in the range of $0.6 million - $1.5 million and non-GAAP net income per share to be in the range of $0.02 - $0.04. Double-Take Software closed at $10.25 in the last trading session. In the last six months, DBTK has surged over 20%.

Penn National Gaming, Inc (NASDAQ: PENN) declined 8.09% to $25.01 in the pre-market session. Penn National Gaming reported today a fourth-quarter net loss of $355.440 million or $4.54 per share, as compared to $378.573 million or $4.77 per share in the year ago period. Penn National closed at $27.21 in the last trading session. The 52-week trading range for PENN is $16.44 - $35.18.

Moody's Corporation (NYSE: MCO) declined 0.71% to $27.90 in the pre-market session. Moody's Corporation reported today a fourth quarter profit of $103.3 million, or $0.43 per share, as compared to $89 million or $0.37 per share for the same quarter last year. Revenue increased to $485.8 million from $403.7 million in the year ago period. Analysts had expected MCO to earn $0.41 per share in the fourth quarter. The 52-week trading range for Moody's Corporation is $15.57 - $31.79. MCO has surged over 15% in the last six months.