CNBC's Stock Pops & Drops From May 4

On CNBC's Stock Pops & Drops, Tim Seymour commented on a 6.93 percent move higher by Shake Shack Inc SHAK. He would stay away from the stock. Guy Adami said that McDonald's Corporation MCD announced a master plan on Monday and it fell on deaf ears. He explained it is not a real turnaround plan because the management cannot just say let's give customers what they want and consider that a turnaround plan. The stock fell 1.71 percent to $96.13 and Adami feels that it is going to lower $90s Seymour shared his thoughts on a 1.87 percent move higher in Lululemon Athletica inc. LULU. He sees $65 as a very important price level that the stock has to break. Adami believes that EXACT Sciences Corporation EXAS is going higher after it spiked 10.99 percent on Monday.
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Posted In: CNBCMediaGuy AdamiTim Seymour
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