Benzinga's Top #PreMarket Losers

Methode Electronics Inc. MEI shares declined 19.43 percent to $34.70 in pre-market trading after the company reported results for the fourth quarter. World Acceptance Corp. WRLD fell 16.69 percent to $69.00 in pre-market trading. FBR Capital downgraded World Acceptance from Outperform to Market Perform. Cree, Inc. CREE shares fell 7.56 percent to $28.25 in pre-market trading after the company announced its plans to restructure its LED products unit and also announced a $500 million buyback plan. The company also lowered its revenue outlook for the fourth quarter. Sunedison Semiconductor Ltd SEMI shares dropped 3.96 percent to $18.44 in pre-market after the company priced its 15.935 million share offering by selling shareholders at $18.25 per share. Sabra Health Care REIT Inc SBRA shares tumbled 3.72 percent to $25.33 in pre-market trading. Sabra Health Care REIT priced its 5.9 million share offering at $25.25 per share.