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Fast Money

Pops & Drops: Bed, Bath & Beyond, Red Hat

Following are moves you might have missed. Find out why shares of Bed, Bath & Beyond and Red Hat popped while Rite Aid dropped.

POPS (stocks that jumped higher)

Bed, Bath & Beyond (BBBY) popped 3%.
The retailer beat quarterly profit and sales estimates and boosted its full-year view. - I think it could go up for a couple days, says Guy Adami.

Red Hat (RHT) popped 10%. The company beat Wall Street forecasts as sales of its software rose sharply. - I'm not overexcited, says Tim Seymour.

Scholastic Corp. (SCHL) popped 5%. The company said it would buy back 5.6 million shares at a premium to Wednesday's close. - I like it long with a $23 stop, says Joe Terranova.

DROPS (stocks that slid lower)

Rite Aid (RAD) dropped 13%. The drug store chain posted a bigger-than-expected quarterly loss, hurt by weak sales of seasonal items. - I don't like this stock, says Anthony Scaramucci.




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Trader disclosure: On Sept. 23rd, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour owns (AAPL), (GOOG); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Terranova Owns (APA), (AAPL), (ARUN), (BMO), (C), (GS), (IBM), (HES), (JOYG), (XBI), (NBR), (NOV), (OXY), (ORCL), (PEP), (POT), (RSH), (SLB), (SU), (SPLS), (RIG), (UPL), (MA), (VRTS); Grasso owns (ASTM), (BA), (BAC), (C), (CSCO), (JPM), (LPX), (MO), (MOT), (NDAQ), (PFE), (PRST); Boockvar owns (PEP), (NKE)

For Anthony Scaramucci
Scaramucci and Skybridge Capital own (AAPL)
Scaramucci and Skybridge Capital own (GOOG)
Scaramucci and Skybridge Capital own (GS)
Scaramucci and Skybridge Capital own (PEP)
Scaramucci and Skybridge Capital own (RAI)
Scaramucci and Skybridge Capital own U.S. Dollars

For Joe Terranova
Terranova is chief market strategist of Virtus Investment Partners, LTD.
Virtus Investment Partners own more than 1% of (ABAX)
Virtus Investment Partners own more than 1% of (ALK)
Virtus Investment Partners own more than 1% of (AMKR)
Virtus Investment Partners own more than 1% of (CASS)
Virtus Investment Partners own more than 1% of (CSVI)
Virtus Investment Partners own more than 1% of (IGE)
Virtus Investment Partners own more than 1% of (LDR)
Virtus Investment Partners own more than 1% of (LPHI)
Virtus Investment Partners own more than 1% of (MGRC)
Virtus Investment Partners own more than 1% of (NRCI)
Virtus Investment Partners own more than 1% of (DBV)
Virtus Investment Partners own more than 1% of (XLB)
Virtus Investment Partners own more than 1% of (XLP)
Virtus Investment Partners own more than 1% of (XLY)
Virtus Investment Partners own more than 1% of (XLF)
Virtus Investment Partners own more than 1% of (XLI)
Virtus Investment Partners own more than 1% of (XLU)
Virtus Investment Partners own more than 1% of (SUBK)
Virtus Investment Partners own more than 1% of (WDFC)
Virtus Investment Partners own more than 1% of (YDNT)
Virtus Investment Partners own more than 1% of (DLUEY)
Virtus Investment Partners own more than 1% of (DRYS)

For Steve Grasso:
Stuart Frankel & Co and it’s partners own (BAX)
Stuart Frankel & Co and it’s partners own (COG)
Stuart Frankel & Co and it’s partners own (CUBA)
Stuart Frankel & Co and it’s partners own (GERN)
Stuart Frankel & Co and it’s partners own (HPQ)
Stuart Frankel & Co and it’s partners own (HSPO)
Stuart Frankel & Co and it’s partners own (MERC)
Stuart Frankel & Co and it’s partners own (NWS.A)
Stuart Frankel & Co and it’s partners own (NYX)
Stuart Frankel & Co and it’s partners own (PDE)
Stuart Frankel & Co and it’s partners own (PFE)
Stuart Frankel & Co and it’s partners own (PRST)
Stuart Frankel & Co and it’s partners own (RDC)
Stuart Frankel & Co and it’s partners own (TLM)
Stuart Frankel & Co and it’s partners own (TRV)
Stuart Frankel & Co and it’s partners own (XRX)
Stuart Frankel & Co and it’s partners own (SDS)
Stuart Frankel & Co and it’s partners are short (QQQQ)

For Gene Munster
(ACOM), (LOGM), (RLOC) have been investment banking clients of Piper Jaffray during the past 12 months
Piper Jaffray expects to have (RLOC) as investment banking clients within the next three months
Piper Jaffray received non-investment banking securities-related compensation from (DRIV) during the past 12 months
Piper Jaffray makes a market in (AAPL), (ACOM), (AMZN), (BIDU), (DRIV), (EBAY), (FMCN), (GOOG), (GSIC), (IACI), (KONG), (LOGM), (MCHX), (MELI), (PRTS), (RLOC), (SINA), (SOHU), (VCLK), (WWWW), (YHOO)

For Carter Worth
***No Disclosures***

For Mark Fisher
***No Disclosures***

For Jon Najarian
***No Disclosures***

For Scott Raynovich
***No Disclosures***

For Brian Stutland
***No Disclosures***

For Allan Loeb
***No Disclosures***