Benzinga's Top #PreMarket Losers

Top Ships (NASDAQ: TOPS) dipped 22.41% to $2.25 in pre-market trading after tumbling 8.23% on Thursday.

Rally Software Development (NYSE: RALY) dropped 20.21% to $9.75 in pre-market trading after the company eported downbeat fiscal first-quarter revenue and issued a weak revenue outlook. Rally Software reported an adjusted loss of $0.27 per share on revenue of $19.4 million. However, analysts were estimating a loss of $0.50 per share on revenue of $19.6 million.

Novavax (NASDAQ: NVAX) shares fell 5.97% to $4.25 in pre-market trading after the company priced 25 million shares at $4.00 per share.

Randgold Resources (NASDAQ: GOLD) shares dropped 1.24% to $73.33 in pre-market trading. Gold futures fell 0.08% to trade at $1,252.30 an ounce.