Benzinga’s Top Pre- Market Losers (CAL, ALTH, NVTL, LIHR)

Continental Airlines, Inc. (NYSE: CAL) decreased $0.69 or 4.12% to $16.05 after CAL said that it will issue $200 million in new convertible debt due 2015 to use for general corporate purposes. In the past five trading sessions, CAL is up over 23%.

Allos Therapeutics, Inc. (NASDAQ: ALTH) fell 11% to $5.89 after Wells Fargo downgrades Allos from Outperform to Market Perform and lowered the price range to $6-7 from $9-10.So far this year, ALTH is up over 8%.

Novatel Wireless, Inc. (NASDAQ: NVTL) is down 5.31% to $8.20 in the pre-market session. The 52-week trading range for NVTL is $2.81 - $13.70. In the previous trading session, NVTL closed at $8.66.In the last six months, NVTL has fallen by over 20%.

Lihir Gold Limited (ADR) (NASDAQ: LIHR) fell 3.45% to $30.55. So far this year, Lihir is up over 44%.