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 accused patent troll VirnetX
So what: Analysts at Craig-Hallum initiated coverage with a buy rating and a $50 price target. The market proceeded to have a panic attack, sending volume through the roof and the stock higher when it was down on the day.
Now what: Why should you care what Craig-Hallum has to say? You shouldn't really. The market has been grasping at straws with VirnetX and as a result the stock has been on a roller-coaster ride for the past year and this is just the latest case.
Interested in more info on VirnetX? Add it to your watchlist by clicking here.