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 mobile data services provider Motricity
So what: Call it profit taking. Call it a stock plagued by a low average trading volume. Call it what you will; Motricity is simply a very volatile stock. The stock made its public-markets debut back in June, and since then the stock's average daily move -- that is the average absolute value of the daily price change -- has been nearly 4%. And the fact that today's action is to the downside -- well, don't color me shocked. The stock has nearly tripled in its short public-market run, and there's no doubt that plenty of folks are ready to cash in on their quick profits.
Now what: Motricity supplies mobile data solutions to major wireless providers like Verizon
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