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.
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.
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.