Benzinga's Top #PreMarket Losers

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Abengoa SA (ADR)ABGB
fell 44.95 percent to $2.56 in pre-market trading. Following the failure of its efforts to raise capital, the company announced that it would seek protection from creditors.
PTC Therapeutics, Inc. PTCT
shares declined 11.81 percent to $28.00 in pre-market trading. Jefferies downgraded PTC Therapeutics from Hold to Underperform and lowered the price target from $26.00 to $18.00.
HP Inc HPQ
shares fell 8.74 percent to $13.37 in pre-market trading after the company reported results for its fiscal fourth quarter and issued a weak profit forecast.
TerraForm Power Inc TERP
shares tumbled 6 percent to $8.30 in pre-market trading after gaining 5.50 percent on Tuesday.
Shire PLC (ADR) SHPG
shares dipped 2.43 percent to $203.93 in pre-market trading. Shire is preparing to make a new bid for
Baxalta IncBXLT
, according to sources as reported by Reuters. Baxalta rejected a $30 billion Shire offer in August, which valued Baxalta at $45.23 per share, saying the offer undervalued Baxalta.
Posted In: NewsMovers & ShakersPre-Market OutlookMarketsTop Losers
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