Loading...
Loading...
Guy Adami spoke on
CNBC's Stock Pops & Drops about a 7.12 percent increase in price in
NewLink Genetics CorpNLNK. He explained that the stock traded higher on the news of the signing of a deal with Genentech and he speculated that a huge short interest might also had something to do with a big move higher. Adami thinks that traders can stay long this name.
Karen Finerman said that
Hertz Global Holdings, Inc.HTZ traded 6 percent higher after the announcement that Jana Partners bought a stake in the company. Finerman likes the stock at its current price level.
Pandora Media IncP lost 1.51 percent on the news that
Apple Inc. might lower the price of Beats Music subscription and that Spotify is offering discounts to families. Dan Nathan said that this means lower margins for
Padora Media which operates in a highly competitive environment.
Tim Seymour is not concerned with a 1.03 percent decrease in price in
CSX CorporationCSX after the collapse of merger talks with
Canadian Pacific Railway Limited (USA). He would not sell the stock on this news.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in