CNBC's Stock Pops & Drops From October 7

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Steve Grasso spoke
on CNBC's Stock Pops & Drops
about a 2.25 percent increase in price in
Mobileye NVMBLY
. 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 IncTSLA
that it is going to use
Mobileye NV's
technology in its Model D. Grasso is still long the stock. Karen Finerman explained that
Allergan, Inc.
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.
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General Motors CompanyGM
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.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.
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Posted In: CNBCMediaGuy AdamiKaren FinermanSteve GrassoTim Seymour
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