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 Corp (NASDAQ: 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. (NYSE: 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 (NYSE: 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 (NYSE: CSX) after the collapse of merger talks with Canadian Pacific Railway Limited (USA). He would not sell the stock on this news.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: CNBCMediaTrading IdeasDan NathanGuy AdamiKaren FinermanTim Seymour