CNBC's Stock Pops & Drops From October 7 - General Motors (NYSE:GM)

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Steve Grasso spoke on CNBC's Stock Pops & Drops

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about a 2.25 percent increase in price in Mobileye NV (NYSE: MBLY). Grasso explained that the stock traded higher on a bad day for the rest of the market in anticipation of the announcement from Tesla Motors Inc (NASDAQ: TSLA) that it is going to use Mobileye NV's technology in its Model D. Grasso is still long the stock.Karen Finerman explained that

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Allergan, Inc.

(NYSE: AGN) jumped 1.68 percent on the news that it is considering strategic alternatives to defend itself from a hostile takeover. She added that she doesn't know who is going to end up as a buyer, but something will work out.General Motors Company (NYSE: GM) dropped 5.87 percent on a downgrade by Morgan Stanley. Tim Seymour said that the stock closed below the IPO price of $32 and it is very interesting at this price level. Guy Adami thinks that United Parcel Service, Inc. (NYSE: UPS) is going to trade to $94 and it is imperative that it holds that price level. He believes that $94 is going to be a support and he advised the viewers to buy the stock when it reaches that price. United Parcel Service, Inc. dropped 2.16 percent and it closed at $96.43 on Tuesday.