Fast Money Pops & Drops, March 16th (IBM, RMBS, IHG, MMI, BTU)

On CNBC's Fast Money, Karen Finerman said that she likes International Business Machines Corp. IBM, but she wouldn't buy it at this point, because she sees more downside for this stock. International Business Machines Corp. (IBM) fell 3.79% in the regular trading session, and it lost additional 0.87% in the after hours.

Rambus Inc. RMBS gained 4.00% in the regular trading session on the news that it has renewed its patent license agreement with Toshiba. In the after hours, Rambus Inc. (RMBS) dropped 2.15%. Jon Najarian said that it traded 7% higher in the after hours trading on Tuesday, but today the market pulled it back.

JJ Kinahan said that he would stay away from InterContinental Hotels Group PLC (ADR) IHG. He added that InterContinental Hotels Group's (IHG) CEO is stepping down, and CFO will be taking over. InterContinental Hotels Group PLC (ADR) (IHG) fell 4.44% today, and it closed at $19.60.

Motorola Mobility Holdings Inc MMI gained 0.98% on Wednesday. Guy Adami said that he is not a buyer of this stock.

Joe Terranova said that he has a long position in Peabody Energy Corporation BTU. He explained that this company is well positioned in Australia, and it can deliver coal quickly to Japan. Peabody Energy Corporation (BTU) gained 3.90% today, and closed at $67.67.