The highest volumes today go to: Phillips 66 Partners LP, HollyFrontier Corp, Ecopetrol S.A..
A short overview of the current market situation: Markets are mixed with Nasdaq goes up 0.68%, trading at 11,058. Dow Jones trades at 33,800 after losing 0.18%.
Why Trading Volume Matters
Trading volume is simply the total number of shares traded including both buy and sell orders. If a stock has appreciated on high volume, it is more likely to be a sustained move compared to an appreciation with low volume. Typically, high volume trading sessions are considered significant occurrences and closely watched by traders.
While trading was mostly flat yesterday, some energy stocks are at high volumes. Check them out.
16.20 million traded volume exceeded the daily average by 221%: Phillips 66 Partners moves up 1.89% after trading as low as $41.86
A blockbuster trading session for Phillips 66 Partners LP, eclipsing its average daily volume by 221% and recording 16.20 million. Phillips 66 Partners is up to $42 today after closing yesterday at $41.23. Overall, a 1.89% move or 77 cents today.
4.78 million traded volume exceeded the daily average by 119%: HollyFrontier on track to post record single day jump of 71 cents points (+2%)
HollyFrontier is having an eventful day so far, currently at 4.78 million and outpacing its average daily volume by 119%. Overall, HollyFrontier had a 2% move or 71 cents today and is currently trading at $36.39.
8 months ago, the petroleum refineries company fell to a low of $29.34 but has since recovered 21.61%. So far in 2022, it has performed better than the S&P 500 by 28.8%. With an average daily trading volume of 4 million shares. HollyFrontier expected revenue of $4.12 billion with an EPS of 41.06 cents.
152% difference, an interesting day so far: Ecopetrol currently down 3.33% prior to afternoon session
A hectic day for Ecopetrol, surpassing its average daily volume by 152% to reach 2.99 million. Colombia's largest petroleum supplier is deeply in the red after losing 3.33%, trading down to $10.
The largest petroleum company in Colombia is now trading 47.28% below the significant high of $19.65 it set around 7 months ago. So far in 2022 it has been beating the Nasdaq by 21.52%. Ecopetrol's market cap is currently $20.59 billion with an average daily volume of 1.96 million shares. Ecopetrol is forecasted to generate revenues of $8.32 billion and EPS of $1.36.
— Average trading volume refers to a 21-day rolling average.