Benzinga's Top #PreMarket Losers

Top Ships TOPS dipped 22.41% to $2.25 in pre-market trading after tumbling 8.23% on Thursday. Rally Software Development RALY dropped 20.21% to $9.75 in pre-market trading after the company eported downbeat fiscal first-quarter revenue and issued a weak revenue outlook. Rally Software reported an adjusted loss of $0.27 per share on revenue of $19.4 million. However, analysts were estimating a loss of $0.50 per share on revenue of $19.6 million. Novavax NVAX shares fell 5.97% to $4.25 in pre-market trading after the company priced 25 million shares at $4.00 per share. Randgold Resources GOLD shares dropped 1.24% to $73.33 in pre-market trading. Gold futures fell 0.08% to trade at $1,252.30 an ounce.