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 oil and gas service provider ION Geophysical (NYSE: IO) jumped 10% as a number of drivers sent the stock higher.

So what: The market has obviously bounced higher, and as ION is a volatile stock it shouldn't be surprising it's trading higher. Oil is also trading more than 1% higher today, and if this move continues, this could bring more demand for the company's services. Internally, the company named Gregory Heinlein as CFO, a post he previously held at Genprex.

Now what: I'm not jumping all over the move today since there wasn't any great driver like earnings or a new contract. But the developments in Europe could help keep oil prices relatively high, or even lead them to appreciate, which should be good for ION. For now I wouldn't change your investment thesis, but would enjoy the pop while it lasts.

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