Tomahawk, WI 08/12/2014 (Basicsmedia) – JetBlue Airways Corporation (NASDAQ:JBLU), Pandora Media Inc. (NYSE:P), ADT Corp (NYSE:ADT) were the top movers on Tuesday trading session according to CNBC’s ‘Fast Money’ crew with King Digital Entertainment PLC (NYSE:KING) coming in as the top Flop. Jet Blue surge in the market comes at the back of a report by Airfare watchdog that favorably ranked the airline. The airline according to the report came out with fewer denials in its flights as it never overbooks and was the highest ranked in terms of customer satisfaction.
JetBlue Airways Corporation (NASDAQ:JBLU)’s stock was up on Monday trading session by 2.44% closing at a high of $11.74 of which CNBC’s, Timothy Seymour expects to close on the $11.20 mark sooner. Giant internet radio company Pandora was also up on Monday by $4.23%. Pandora surge in the market comes at the back of reports that the company could attract interest from the likes of Amazon.com, Inc. (NASDAQ:AMZN) and Google Inc. (NASDAQ:GOOG) as a possible takeout.
“They had an interesting move at 5% I guess it has to do with reports suggesting that Google Amazon and a number of guys could be looking at them as a takeout. Options volume ran really hot in the afternoon. I will tell you this; it wasn’t’ all the shot data Calls, as you normally see was actually looking out to January, which may be could point out that these guys are take outs,” said Scott Wapner
CNBC’s Karen Finerman remains long on ADT Corp (NYSE:ADT) whose shares were also up on Monday by 2.39% to close that day at an impressive $36.35 taking into consideration the stock considerably struggled last year.
King, on the other hand, was one of the top losers on Monday, going down by 5.81% after a downgrade by Pacific crest from ‘Sector Outperform’ to an ‘outperform.’ Pete Najarian believes the downgrade comes on the heels of the company not having a huge following. Najarian remains optimistic on King’s stock going back up, on the posting of solid results by Candy Crush.
“They have got to continue to reinvent themselves going forward; got a Pacific Crest Downgrade today based on the fact that they don’t have much following. I think that is going to be much interesting after the close tomorrow when they report earnings. If some of the numbers are good the stock is going right back up to $20,” said Mr. Najarian.