Benzinga's Top #PreMarket Losers - Chesapeake Energy (NASDAQ:CHK)

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Cempra Inc (NASDAQ: CEMP) fell 11.24 percent to $25.50 in pre-market trading on the announcement of proposed public offering of $175 million of common stock.

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Pioneer Natural Resources (NYSE: PXD) shares fell 7.70 percent to $115.50 in pre-market trading on the announcement of a public offering of 10.5 million shares of its common stock. Sonic Corporation (NASDAQ: SONC) shares fell 5.66 percent to $29.65 in pre-market trading. Sonic reported better-than-expected earnings for the first quarter on Tuesday.

Otonomy Inc (NASDAQ: OTIC) shares fell 5.45 percent to $23.00 in pre-market trading after the company reported a $100 million stock offering. Chesapeake Energy Corporation (NYSE: CHK) shares fell 5.19 percent to $4.75 in pre-market trading after gaining 0.80 percent on Tuesday.