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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