Activists are looking to shake up United Continental Holdings, but "Fast Money" traders were split over whether the airline company's shares will benefit.
Two hedge funds, PAR Capital Management and Altimeter Capital Management, said Tuesday they want to install six new board members at the company. United shares have fallen more than 15 percent in the last year, lagging competitors like Southwest and Delta.
Trader Pete Najarian, who has a long position in United call options, said the activist action makes him more optimistic. He contended that the stock "should come back" from the declines.