CNBC's Stock Pops & Drops From September 5: Control4 Corp, Priceline Group Inc & More
On CNBC's Stock Pops & Drops, Brian Kelly said that Control4 Corp (NASDAQ: CTRL) has been a disappointment whole year, but he still thinks that the company is a takeout candidate. Kelly has a long position in this stock, and he used options to do so. Control4 dropped 1.91 percent on Friday, and it closed at $13.88.
Priceline Group Inc (NASDAQ: PCLN) lost 2.11 percent on Friday, and Tim Seymour believes that this is a buying opportunity. He explained that the stock traded lower on the news of an downgrade from Evercore based on increased competition. Seymour thinks that Priceline is a dominating stock in the industry.
Guy Adami said that investors should be really careful with Gilead Sciences, Inc. (NASDAQ: GILD) now because the volatility is back. He added that investors who were long the stock prior to the 1.40 percent decline should close a half of the position. Gilead traded 8.72 percent lower in the early session.
The Gap Inc. (NYSE: GPS) plunged 4.16 percent on Friday on the news that the same store sales were two percent lower, said Pete Najarian. The stock has been outperforming in the space and any further weakness would be a buying opportunity, thinks Najarian.
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