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 Titan International
So what: There's no news out there to indicate why the maker of tires and wheels for off-highway vehicles is enjoying the spike in price. Perhaps a fund or institution bought some shares, or maybe there's still some euphoria out there from last week's third-quarter earnings report. Or perhaps a rich Clash of the Titans fan simply likes the name and is starting to buy up the company (just kidding).
Now what: Given the unknown nature of the catalyst, it's not smart to make any investment decisions based on this movement. A random 11% pop should not dissuade or encourage you as you research the company.
Interested in more info on Titan International? Add it to your watchlist by clicking here.
Fool analyst Rex Moore owns no companies mentioned here. 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.