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Market Overview

Benzinga’s Top Pre-Market Losers (CAT, ZAGG, INSP, JAZZ, FSIN, HERO)

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Caterpillar Inc. (NYSE: CAT) decreased 3.03% to $54.16 in the pre-market session after Caterpillar reported today a profit of $232 million, or $0.36 per share, as compared to $661 million, or $1.08 per share, for the same quarter last year. Sales declined 39% to $7.9 billion. The 52-week trading range for CAT is $21.71 - $64.42. Caterpillar has gained over 32% in the last six months.

Zagg Inc(NDA) (NASDAQ: ZAGG) tumbled 9.66% to $2.15 in the pre-market session after ZAGG Inc. yesterday revised its guidance for fiscal 2009. ZAGG closed at $2.38 in the last trading session. The 52-week trading range for ZAGG is $0.99 - $7.91. Zagg Inc(NDA) has declined over 65% in the last six months.

InfoSpace, Inc. (NASDAQ: INSP) plunged 8.86% to $9.05 in the pre-market session. The 52-week trading range for INSP is $5.07 - $12.16. InfoSpace has climbed over 32% in the last year. INSP closed at $9.93 in the previous trading session.

Jazz Pharmaceuticals, Inc. (NASDAQ: JAZZ) plunged 3.79% to $9.40 in the pre-market session. Jazz Pharmaceuticals closed at $9.77 in the last trading session. In the last six months, JAZZ has surged over 120%. The 52-week trading range for JAZZ is $0.51 - $11.88.

Fushi Copperweld, Inc. (NASDAQ: FSIN) plummeted 3.48% to $8.31 in the pre-market session after Fushi Copperweld announced yesterday the pricing of an underwritten public follow-on offering of 6.5 million shares of its common stock at a price of $8.00 per share. The 52-week trading range for FSIN is $4.06 - $11.34.

Hercules Offshore, Inc. (NASDAQ: HERO) declined 3.46% to $4.46 in the pre-market session. Hercules Offshore reported yesterday that it expects to report an operating loss for the fourth quarter and incur a non-cash charge of about $7.3 million. HERO closed at $4.62 in the last trading session. The 52-week trading range for HERO is $1.07 - $7.28. In the last year, HERO is up over 11%.

 

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Posted-In: Pre-Market Outlook Trading Ideas