'Fast Money' Pops and Drops: Dish Network - TheStreet

'Fast Money' Pops and Drops: Dish Network

The stock was up likely on merger talks with DirecTV, but a trader questions the logic of that venture.
Author:
Publish date:

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 on Tuesday.

Pops

First among the pops was

Cablevision

(CVC)

, which moved up 8% to $28.20. Karen Finerman said that it would be "exploring its options," but that you "can't get into bed with these guys."

Also up was

Pitney Bowes

(PBI) - Get Report

, which moved 10% to $35.04 on the day. Guy Adame cautioned that its "guidance wasn't great," saying that he "wouldn't rush in."

Rounding out the pops was

Dish Network

(DISH) - Get Report

, which rose 7% to $29.98. Jeff Macke attributed part of this to the company's talks about possibly merging with

DirecTV

(DTV)

. He was less than optimistic, however, wondering "why on Earth they could merge."

Drops

On the drops,

Fortress Investment

(FIG)

fell 13% to $10.24. Tim Seymour said simply, "they're not raising money."

Also falling was

Otter Tail

(OTTR) - Get Report

, which dropped 19% to $36.16. Adame said he had honestly "never heard of them" but that he noticed their "second quarter was a disaster."

This article was written by a staff member of TheStreet.com.