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Benzinga’s Top Pre- Market Losers (LTON, OVTI, LINC, NLST, HGSI, NUVA, AFFX)

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Linktone Ltd. (ADR) (NASDAQ: LTON) decreased $0.33 or 13.98% to $2.03 in the pre-market session. Yesterday, LTON reported that for 4Q2009, it expects gross revenues to be in between $14 to $15 million. The 52-week trading range for LTON is $0.70 - $3.21. So far in the current year, LTON climbed up by over 95%.

OmniVision Technologies, Inc. (NASDAQ: OVTI) tumbled 9% to $12.69. Yesterday, OVTI reported that for the third quarter, it expects revenues to be in between $145 million to $160 million and EPS to be in the range of $0.02 to $0.12 per diluted share. In the last six months, OVTI gained over 20%.

Lincoln Educational Services Corporation (NASDAQ: LINC) fell 0.77% to $21.95 in the pre-market session. The 52-week trading range for LINC is $10.21 - $24.71. Yesterday, LINC closed at $22.12. So far in the current year, LINC gained over 65%.

Netlist, Inc. (NASDAQ: NLST) plunged 13% to $4.95 after Netlist announced that the legal action filed by Inphi Corporation is without merit. Netlist also said that the legal action filed by Inphi appears to be in response to the patent infringement action filed by Netlist against Inphi in September 2009. The 52-week trading range for NLST is $0.11 - $7.98. In the last six months, NLST gained over 1800%.

Human Genome Sciences (NASDAQ: HGSI) fell 2.77% to $27.05 in the pre-market session. Yesterday, HGSI announced that it has started an underwritten public offering of up to 12,500,000 shares of its common stock. So far this year, HGSI is up over 1200%. The 52-week trading range for HGSI is $0.45 - $29.48.

NuVasive, Inc. (NASDAQ: NUVA) decreased $0.40 or 1.23% to $32.05 after Brean Murray downgraded NuVasive from Buy to Hold. The 52-week trading range for NUVA is $24.17 - $45.06. In the last trading session, NUVA closed at $32.45.

Affymetrix, Inc. (NASDAQ: AFFX) declined 1.26% to $4.69 in the pre-market session. So far this year, AFFX is up over 55%. The 52-week trading range for AFFX is $1.78 - $10.06.

 

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Posted-In: Pre-Market Outlook Trading Ideas