Why Liquidity Services Inc. Stock Popped Today

Image source: Liquidity Services Inc.

What happened

Shares of Liquidity Services Inc.(NASDAQ: LQDT) jumped 10.9% Friday despite no significant news regarding the surplus-asset seller.

So what

Putting aside Liquidity Services' latest difficult quarterly report a few weeks ago, the timing is rather curious. Earlier this week, Liquidity Services issued a press release touting its annual "Restock Tuesday" event -- "where retailers turn to Liquidation.com to stock up on inventory" following the biggest shopping days of the year, Black Friday and Cyber Monday -- as one of its website's busiest days of the year. But apart from noting many consumers haven't finished their shopping despite a record-breaking holiday weekend for e-commerce sales, that release offered little to no information to help investors quantify just how much Liquidation.com benefited this past Tuesday.

We should also note today's rise wasn't exactlya "pop," but rather came as LQDT shares gradually climbed as the day wore on. What's more, it came after an equally unexciting, unexplained decline over the past few days, leaving the stock down a modest 2% for the week.

Now what

In short, sometimes the market doesn't need a reason to push a stock one way or the other. So as always, investors would be wise to ignore most day-to-day moves like this, and instead focus on the actual business underlying the shares they own.

10 stocks we like better than Liquidity Services When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Liquidity Services wasn't one of them! That's right -- they think these 10 stocks are even better buys.

Click here to learn about these picks!

*Stock Advisor returns as of November 7, 2016

Steve Symington has no position in any stocks mentioned. The Motley Fool recommends Liquidity Services. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.