Benzinga's Top #PreMarket Losers

Citigroup C fell 5.96% to $47.17 in pre-market trading after the company reported that its capital plan was not approved by the Federal Reserve. The Fed said that Citi's plan did not fix previously raised issues. Analysts at Keefe Bruyette & Woods downgraded Citigroup from Outperform to Market Perform and lowered the target price from $58 to $52. Lululemon Athletica LULU dipped 3.59% to $46.50 in the pre-market session after the company issued a downbeat Q1 forecast. Lululemon expected Q1 earnings of $0.31 to $0.33 per share on revenue of $377 million to $382 million. Solazyme SZYM dipped 3.16% to $11.18 in pre-market trading after the company priced offering of $130 million of 5.00% Convertible Senior Subordinated Notes due 2019 and 5 million shares of at $11.00 per share. Marchex MCHX shares dropped 3.05% to $10.80 in pre-market trading after the company priced 5,714,000 shares of Class B common stock at $10.50 per share.