The highest volumes for yesterday went to: HollyFrontier Corp, Ecopetrol S.A., Imperial Oil Limited.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as S&P 500 was down 1.44% before closing the session at 3,941.26. Nasdaq closed at 11,000, a 2% change.
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.
Though trading was down yesterday, some energy stocks reached high volumes. Here is an update.
HollyFrontier | 119% slightly greater than rolling average HollyFrontier posts record single day jump of 71 cents (+2%)
Trading volume peaked at 4.78 million shares yesterday, thereby obliterating the daily average of 4 million by 119%. HollyFrontier went up to $36.39 yesterday after ending Monday at $35.68. Overall, a 2% move or 71 cents.
Ecopetrol | 122% slightly greater than rolling average Solid session for Ecopetrol generates 0.98% gain yesterday
With 3.38 million shares traded yesterday, Ecopetrol beat its daily average by 122% to cap off a frenetic trading day. Colombia's largest petroleum supplier went up to $9.27, gaining 0.98%.
7 months ago Colombia's largest petroleum supplier reached a significant high of $19.65 but has consequently lost 53.28% since then. So far in 2022, it has been outperforming the Nasdaq by 11.88%. Ecopetrol's market cap currently stands at $19 billion with an average daily trading volume of 2.78 million shares. Ecopetrol expected revenue of $8.32 billion with an EPS of $1.36.
Ecopetrol | 122% slightly greater than rolling average Solid session for Ecopetrol generates 0.98% gain yesterday
With 3.38 million shares traded yesterday, Ecopetrol beat its daily average by 122% to cap off a frenetic trading day. Colombia's largest petroleum supplier went up to $9.27, gaining 0.98%.
7 months ago Colombia's largest petroleum supplier reached a significant high of $19.65 but has consequently lost 53.28% since then. So far in 2022, it has been outperforming the Nasdaq by 11.88%. Ecopetrol's market cap currently stands at $19 billion with an average daily trading volume of 2.78 million shares. Ecopetrol expected revenue of $8.32 billion with an EPS of $1.36.
— Average trading volume refers to a 21-day rolling average.