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 Hampton Roads Bankshares
So what: There wasn't any substantial news out about the company, but it does report earnings after the close today, so it is possible some information leaked. The stock has been on a slow and steady decline since peaking at $1.11 last week.
Now what: Buying on rumors is dangerous enough, but without any news or rumors it feels like traders know something that we don't. I would wait until after earnings are released to reassess the situation and make a more informed judgment. Today's move just seems a little too fishy to be making a big move one way or the other.
Interested in more info on Hampton Roads Bankshares? Add it to your watchlist.
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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