Benzinga's Top #PreMarket Losers

Alliance Fiber Optic Products AFOP fell 14.77% to $14.14 in pre-market trading after the company reported downbeat Q2 revenue. B Riley downgraded Alliance Fiber Optic Products from Buy to Neutral and lowered the price target from $22.00 to $18.00. Herbalife HLF dropped 12.34% to $59.15 in pre-market trading after the company reported downbeat second-quarter results and issued a weak forecast for the third quarter. However, the company lifted its profit outlook for the year. El Pollo Loco Holdings LOCO shares declined 8.87% to $31.42 in pre-market trading after surging 43.49% on Monday. TCP Capital TCPC dipped 3.49% to $17.15 in pre-market trading after the company announced a public offering of 5.4 million common shares.