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Pete Najarian spoke on
CNBC's Stock Pops & Drops about
Sony Corp's (ADR)SNE 6.77 percent decline. The stock traded lower after warning of the wider loss on the year. Najarian thinks that he would stay away from this stock.
Activision Blizzard, Inc.ATVI dropped 3.47 percent to $21.44 and Brian Kelly thinks that the best strategy is to hold the stock. He wants to see if it is going to hold $21.40, which is, in his opinion, an important support level.
Trina Solar Limited (ADR)TSL spiked 7.19 percent on positive comments from Deutsche Bank about increased business activity in China. Tim Seymour is long
Trina Solar Limited.
Rackspace Hosting, Inc.RAX plunged 17.67 percent on the news that it ended efforts to find a possible buyer. Guy Adami thinks that this story is not over and he is expecting to see some positive headlines in the next week or so. He would be a buyer at this price level, but just as a trade.
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