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 Quiksilver (NYSE: ZQK) jumped 10% today on word that an analyst was expecting the ouster of the company's CEO.

So what: Wall Street Strategies analyst Brian Sozzi started the fervor today by speculating that a handful of CEOs in retail were on their way out this year. Hot Topic (Nasdaq: HOTT) and American Eagle Outfitters (NYSE: AEO) were among five companies on Sozzi's list, but Quiksilver is the only stock reacting with a big move today.

Now what: In my eyes, this move looks pretty speculative no matter how badly you want Bob McKnight to step down as CEO. His bloated $3.7 million in salary and bonus combined with the Rossignol fiasco may eventually lead to his ouster, but for now he still runs the company. Until I hear solid word of a change in management, I am going to leave this stock bump alone.

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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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