Why U.S. Silica's Shares Jumped
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.
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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 TMFFlushDraw. The 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.