Abiomed, Oak Street Health, Inc., OrganiGram Holdings Inc. had the highest volumes yesterday.
A recap of yesterday's session: Markets completed a mixed session yesterday while Dow Jones lost 1.14% and ended the session at 33,900. S&P 500 shed 0.2% and closed at 3,991.
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 sideways yesterday, several health care stocks were actively traded. Here's an update:
Abiomed | 541% higher than rolling average
Abiomed had a compelling day yesterday, with 15.70 million shares traded helping the company surpass its average daily volume by 541%.
Oak Street Health | 325% higher than rolling average
Yesterday's trading volume was 10 million shares (surpassing the daily average by 325%).
The US primary care network has gained 26.85% since its lowest print of $14.11 earlier this year.
OrganiGram Holdings | 270% higher than rolling average
Trading volume was 4 million shares yesterday — beating the daily average by a mammoth 270%.
22 days ago, the medicinal cannabis specialist fell to a low of 70.08 cents but has since recovered 41.25%. Though in the midst of a 14 day uptrend, gaining a total of 39.41%, (28.91 cents),
— Average trading volume refers to a 21-day rolling average.