Why King Digital Entertainment (KING) Stock Is Falling In Pre-Market Trading Today

NEW YORK (TheStreet) -- King Digital Entertainment (KING) shares are down -1.81% to $18.94 in pre-market trade on Monday after being downgraded to "sector perform" from "outperform" by analysts at Pacific Crest, who also removed the company's $21 price target. 

The lowered outlook comes as the Candy Crush Saga mobile game developer is set to release its second quarter earnings report after tomorrow's closing bell.

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 KING ChartKING data by YCharts

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