Benzinga's Top #PreMarket Losers
Exelixis (NASDAQ: EXEL) shares dipped 52.66% to $1.96 in pre-market trading after the company announced its plans to lower around 70% of its workforce. The company reported that its phase 3 pivotal trial of cabozantinib did not meet primary endpoint.
Conns (NASDAQ: CONN) shares declined 25.38% to $33.45 in pre-market trading after the company reported weaker-than-expected second-quarter earnings and cut its full-year forecast.
Elbit Imaging (NASDAQ: EMITF) dropped 2.02% to $3.88 in pre-market trading after falling 3.04% on Friday.
Newmont Mining (NYSE: NEM) fell 1.40% to $26.71 in pre-market trading after the company reached a tentative deal with the Indonesian government over an export dispute.
Finisar (NASDAQ: FNSR) shares dropped 1.33% to $20.04 in pre-market trading. Analysts at Jefferies downgraded Finisar from Buy to Hold and lowered the target price from $25 to $19.
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