Benzinga's Top Pre-Market NASDAQ Losers (STRA, COCO, APOL, PDLI)

Strayer Education Inc STRA dipped 17.97% to $125.70 in the pre-market session. STRA reported that new student enrollments have dropped 20% so far this school year. Corinthian Colleges Inc COCO fell 6.44% to $4.94 in pre-market trading. Analysts at Barclays downgrade COCO from “equal weight” to “underweight.” The target price for COCO has been lowered from $4 to $3. Apollo Group Inc APOL moved down 5.48% to $35.90 in pre-market trading. APOL is all set to report its FQ1 earnings after the closing bell. PDL BioPharma Inc PDLI dropped 4.70% to $5.88 in the pre-market session. The United States District Court for the Northern District of California issued summary judgment order to PDLI in its litigation with MedImmune. Read more from Benzinga's Markets.