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 independent medical exam provider ExamWorks
So what: The move today came without any news from the company. In fact, it couldn't have come from company news since ExamWorks is still in its "quiet period" following its late-October initial public offering. Though the company's current market value is nearly $600 million, the average daily dollar volume is relatively low, meaning that any large buyer that gets interested in the stock may end up pushing up the price.
Now what: ExamWorks is a pretty neat business -- it's a roll-up of small IME providers that perform medical exams for insurers like Progressive
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Fool contributor Matt Koppenheffer does not own shares of any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or on his RSS feed. The Fool’s disclosure policy assures you no Wookiees were harmed in the making of this article.