Benzinga's Top Pre-Market Losers

Tellabs

shares fell 20.90% to $2.65 in the pre-market trading. Tellabs' PEG ratio is -33.50. Molycorp

dipped 5.38% to $10.72 in the pre-market session. Molycorp announced the resignation of its President and Chief Executive Mark Smith. Eli Lilly and Company

shares dropped 4.11% to $48.51 in pre-market trading. Eli Lilly provided an update on the next steps planned for solanezumab. Seagate Technology Public Limited Company

dipped 3.72% to $27.95 in the pre-market session. Analysts at J.P. Morgan downgraded Seagate from “neutral” to “underweight.”