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

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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.
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Posted In: CNBCMediaTrading IdeasDan NathanGuy AdamiKaren FinermanTim Seymour
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