Benzinga's Top #PreMarket Losers

Oncothyreon ONTY fell 15.47% to $2.35 in pre-market trading. Form 8-K from Oncothyreon showed that EMR 63325-009 did not meet endpoint. Elizabeth Arden RDEN shares slipped 15.45% to $16.58 in pre-market trading after the company reported a fiscal fourth-quarter loss. Elizabeth Arden reported that funds affiliated with Rhone Capital have agreed to buy $50 million in preferred shares and receive warrants for 2.5 million shares. El Pollo Loco Holdings LOCO shares declined 5.57% to $31.35 in pre-market trading. Morgan Stanley initiated coverage on El Pollo Loco with a Underweight rating and a $22.00 price target. Target TGT dropped 3.93% to $56.25 in pre-market trading. Target is expected to report its quarterly earnings on August 20, 2014.
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