CNBC's Stock Pops & Drops From October 20: Pandora, Hertz, CSX And NewLink Genetics

Guy Adami spoke on CNBC's Stock Pops & Drops about a 7.12 percent increase in price in NewLink Genetics Corp NLNK. 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 Inc P 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 Corporation CSX after the collapse of merger talks with Canadian Pacific Railway Limited (USA). He would not sell the stock on this news.