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Market Overview

Benzinga’s Top Pre- Market Losers (DEER, NLST, ACGY, DNDN, STRL, XING)

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Deer Consumer Products, Inc. (NDA) (NASDAQ: DEER) has plunged 24.24% to $11.90 after Deer Consumer announced the pricing of a public offering of 6 million shares of its common stock at a price of $11.00 per share. The 52-week trading range for DEER is $0.46 - $18.97. In the last trading session, DEER closed at $15.84.

Netlist, Inc. (NASDAQ: NLST) has declined by 0.53% to $5.67 in the pre-market session. So far this year, NLST is up 1850%. The 52-week trading range for NLST is $0.11 - $7.98.

Acergy S.A. (ADR) (NASDAQ: ACGY) has decreased $0.06 or 0.40% to $15.03 in the pre-market session. The 52-week trading range for ACGY is $4.32 - $15.64. In the previous trading session, Acergy closed at $15.09. In the last six months, ACGY surged over 35%.

Dendreon Corporation (NASDAQ: DNDN) has declined 1.56% to $25.25. Yesterday, Dendreon Corporation announced that it has priced its public offering of 15 million shares of its common stock at a price of $24.75 a share. So far this year, DNDN is up over 460%. DNDN closed at $25.65 yesterday.

Sterling Construction Company, Inc. (NASDAQ: STRL) fell 0.69% or $0.13 to $18.80 in the pre-market session. Yesterday, Sterling Construction announced the pricing of its public offering of 2.4 million shares of its common stock at $18.00 a share. The 52-week trading range for STRL is $12.52 - $20.02. In the last six months, STRL gained over 10%.

Qiao Xing Universal Telephone, Inc. (NASDAQ: XING) has declined by 1.65% to $2.38 after XING reported its unaudited financial results for the six months ended June 30, 2009. Net sales for the first half of 2009 were RMB 1,151.1 million as compared to RMB 1,251.9 million for the same period last year. Net loss was RMB 184.1 million against net income of RMB 53.9 million in the year ago period. So far in 2009, XING gained over 30%.

 

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