'Fast Money' Pops and Drops: AIG Jumps

Pops

AIG(AIG Quote) jumped 22%. Seymour explained that AIG is going to be selling off some of its assets in the near future.

Petroleo Brasileiro SA(PBR Quote) traded up 2%. Seymour said to get long PBR and short Brazil.

Drops

Online brokerage stocks Ameritrade(AMTD Quote), E*Trade(ETFC Quote) and Charles Schwab(SCHW Quote) all fell sharply. Najarian said this is just a pullback in the group from all-time highs.

American Express(AXP Quote) fell 7%. Finerman said everything on the banned short list is down.

Legg Mason(LM Quote) dropped 7% despite the shares being added to the banned short list. Adami says that Bill Miller is having a horrible year.

CarMax(KMX Quote) lost 7%. Najarian said the stock fell because KMX missed earnings and it's a tough economic environment.

Sovereign Bancorp(SOV Quote) plunged 23% after Friedman Billings Ramsey downgraded the stock to underperform from market perform. Finerman explained that Sovereign had more exposure to Fannie Mae(FNM Quote) and Freddie Mac(FRE Quote) than most people realized.