'Fast Money' Pops and Drops: Chips Ahoy

Here's what CNBC's "Fast Money" traders had to say about some of the market's biggest movers on their "Pops and Drops" segment Wednesday.

Pops

Iomega (IOM) popped 5%. Pete Najarian said everyone's been talking about this company, and something finally happened.

Sealy (ZZ) was up 7%. Jeff Macke said that this is an opportunity to sell.

Sandisk (SNDK) up 7%. Pete Najarian said that the company raised prices overseas. The news is good for Micron (MU) and for Sandisk today.

California Pizza Kitchen (CPKI) jumped 6%. Tim Seymour said the stock is 46% off its highs. He said he doesn't think people are rushing in here.

Drops

The Pantry (PTRY) dropped 26%. Adami said the stock is down 67% from June. The company guided to a loss because of hedging losses, and that accounts for the drop, he said.

Cosan (CZZ) fell 2%. Tim Seymour said the company is the largest ethanol producer in Brazil, but the government is taxing them heavily. It's an interesting story, but a challenging market, he said.

Amazon.com (AMZN) was down 4%. Macke said Lehman Brothers lowered estimates on the online retailer.

Visa (V) slipped down 3%. Adami said the stock still has downside.

Ternium (TX) gave up 10%. Seymour said that he believes the stock is overdone to the downside, but we don't know the end of the story.

Men's Wearhouse (MW) plummeted 7%. It's a tough time to be a retailer, Macke said.

Greenbrier (GBX) was off 6%. Adami said the company is a Carl Icahn favorite. He said he likes the stock, and he recommended buying it on a pullback.

AT&T (T) tumbled 2%. Najarian said that when the market started to fall, investors took profits in AT&T.

>To order reprints of this article, click here: Reprints