Stocks On The Move: Dow, XM Satellite...

Following are the day’s biggest winners and losers. Find out why shares of Dow Chemical (DOW) and XM Satellite Radio (XMSR) popped while Advanced Micro Devices (AMD) and Pepsi Bottling Group (PBG) dropped.

POPS (stocks that jumped higher)

Dow Chemical (DOW)
popped 6%. Kuwait agreed to buy half of Dow's plastics assets for $9.5 billion, forming a joint venture with the chemical company. – Guy Adami thinks the stock is starting to look interesting.

XM Satellite Radio (XMSR) popped 6% and Sirius Satellite Radio (SIRI) popped 4%.A Stifel Niclaus analyst said the merger will not be affected by a letter urging Attorney General Michael B. Mukasey not to rush approval.

Jos. A Bank Clothiers (JOSB) popped 4%.Themaker of men's clothes beat estimates, with Q3 profit up 29%.

Rigel Pharmaceuticals (RIGL) popped 224%!!!!A Phase II study of the company's rheumatoid arthritis drug reported that it reduced symptoms. – It could be a billion dollar drug, says Pete Najarian.

MoneyGram International (MGI) popped 16%. This money transfer firm got a bid from rival Euronet Worldwide for $1.65 billion in stock. That's $20 per share of MoneyGram, a 43% premium over the closing share price on Dec. 4.

Dendreon (DNDN) popped 24%.Shares of the biotech surged after three members of Congress asked for an investigation of an FDA panel's vote against the pharmaceutical company's prostate cancer drug, Provenge.

Freddie Mac (FRE) popped 7%.Freddie had an "up" day for no apparent reason, while other subprime related names were hammered.

DROPS (stocks that slid lower)

Advanced Micro Devices (AMD) dropped 2%.AMD made "profitability" one of its 2008 New Years resolutions. The company had aimed earlier to end its losses this year. – Pete Najarian thinks at these levels they could be a takeover target.

Pepsi Bottling Group (PBG) dropped 2%.Higher plastic and aluminum costs led to a 2008 forecast below analysts' estimates. – It could be a sign of inflation Karen Finerman, speculates.

Neurocrine Biosciences (NBIX) dropped 56%.Insomnia medicine, Indiplon, would have been the company's first product on the market - but it failed to win U.S. approval. – Guy Adami is a skeptic.

Select Comfort Corp. (SCSS) dropped 36%.The maker of Sleep Number adjustable beds said Q4 revenue and profit will miss its own forecasts. – It’s too expensive for me, says Karen Finerman.

Harry Winston Diamond Corp. (HWD) dropped 6%. Diamonds are not forever, as Harry Winston Corp swung to a Q3 loss because of a foreign-exchange loss from a year-earlier profit. -

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Trader disclosure: On Dec. 13, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (SWY), (INTC), (EMC), (YHOO), (ATVI); Najarian Owns (BIIB), Najarian Owns (BSC) Options, (GOOG) Options, (TGT) Options, (XMSR) Options, (YHOO) Options; Finerman's Firm Owns (GS), (WMT); Finerman's Firm Is Short (IWM), (IYR), (SPY), (IJR), (MBI); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Is Short (MDY) And Owns (MDY) Puts; Finerman's Firm Owns (MSFT) Options; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts