'Fast Money' Pops and Drops: Bed Bath Above and Beyond

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.

Before "Pops and Drops" started, Dylan Ratigan announced that Anheuser-Busch(BUD Quote) had rejected Inbev's bid.

Pops

Bed Bath & Beyond (BBBY Quote) was up 4% to $29.79. Guy Adami says the rise was due to the company reporting better-than-expected earnings. He said there is a big short interest in the stock and that "hopefully you were long it."

Davita (DVA Quote) was up about 2% to $53.77. Karen Finerman said the stock looks recession-proof.

Novo Nordisk (NVO Quote) was up 3% to $67.85. The company operates in the diabetes care segment. Najarian supports the stock, saying "People are getting fatter; obesity off the charts."

Photon Dynamics (PHTN Quote) rose sharply by 31% to $15.15. Najarian said the rise had to do with