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 tonight.

Pops

Qlogic Corporation ( QLGC) was up 9% today and Najarian said that if you are lucky enough to own it, take some profits off the table.

Schlumberger ( SLB - Get Report) was up 1% in today's trading and Najarian added that it had a great day.

Wellpoint ( WLP) also popped 2% today and Finnerman added that this whole sector has been annihilated and she doesn't know why this one is up.

Drops

Chesapeake Energy ( CHK - Get Report) dropped 6% today as it said it was going to issue 25 million shares. Najarian said there was so much excitement built up, but that he still likes this one.

Tesoro ( TSO) was down 12% in trading today as most of the refiners lost ground. Finnerman stated that it can't even make money when oil is up.

Northwest Airlines ( NWA) dropped 16% today as it announced job cuts and charges for customers' first bags. Macke said they are charging twice as much for this stock as they should.

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