Fast Money Traders Share Their Opinions On El Pollo LoCo, Zynga, Janus Capital And Rackspace

CNBC Fast Money's Pete Najarian said that El Pollo LoCo Holdings Inc (NASDAQ: LOCO) is under pressure on Tuesday because it decided to sell six million shares. The stock fell approximately 4 percent and Najarian sees this as an opportunity to buy, but he hasn't done so yet.

Josh Brown wouldn't buy Zynga Inc (NASDAQ: ZNGA), after the stock spiked approximately 9 percent on an upgrade from Jefferies. He said that he wouldn't short it either.

Mike Murphy commented on a 4.5 percent decline in Janus Capital Group Inc (NYSE: JNS). He explained that the company managed to capture only $1 billion from the money that left Pimco after Bill Gross left. Murphy thinks that money won't follow Bill Gross and it was a great opportunity to sell Janus Capital after the stock traded significantly higher on the news that Gross has joined the company.

Stephen Weiss said that he would buy Rackspace Hosting, Inc. (NYSE: RAX) on a 13 percent move higher. The stock surged as the company posted better-than-expected earnings.