Why U.S. Silica's Shares Jumped

Before you go, we thought you'd like these...
Before you go close icon

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of U.S. Silica jumped as much as 10.7% in early trading on a bullish analyst report.

So what: Analysts at Howard Weil initiated coverage on the stock with an outperform rating today. The analyst set a $19.00 price target for the stock.


Now what: At the Motley Fool, we don't put a lot of credence in analyst upgrades or downgrades; but, sometimes, the market will for a short period of time. That was the case today, but the stock quickly fell back to earth, and is now up just 4.4% on the day. I don't see this as a reason to change your investment thesis today.

Interested in more info on U.S. Silica? Add it to your watchlist by clicking here.

 

The article Why U.S. Silica's Shares Jumped originally appeared on Fool.com.

Fool contributor Travis Hoium has no positions in the stocks mentioned above. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDrawThe Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners