Pre-Open Movers 9/11: Lehman (LEH) In Free-Fall On Worries, Other I-Banks Follow (MER, GS, MS, C); CSX (CSX) Up on Raised Guidance Sep 11, 2008 09:29AM

StreetInsider.com Pre-Open Movers:

Lehman Brothers (NYSE: LEH) 40% LOWER; Investors worry about the future of the company. This morning Goldman Sach, Deutsche Bank and Citigroup downgraded shares of Lehman Brothers. Goldman said uncertainity remains and Citi said confidence and perception issues are overwhelming Lehman's franchise value. DB worries about rating agency moves.

Washington Mutual Inc. (NYSE: WM) 24% LOWER; worries about the company's ability to weather the storm

Kenexa (Nasdaq: KNXA) 18% LOWER; lowered its Q3 guidance to $0.35 to $0.36 a share versus $0.39 consensus. Kenexa lowered its Q3 revenue guidance to $54 to $56 million versus $58.20 million consensus. This is a reduction from ...