The highest volumes today go to: NanoVibronix, Inc. and Sarepta Therapeutics, Inc..
A quick recap: The leading indices are dropping — Dow Jones slipping 0.74% and closing at 34,100. S&P 500 trades at 3,993.35 after losing 0.81%.
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 Friday, some health care stocks are currently at high volumes. Here is an update.
8.24 million traded volume exceeded the daily average by 7,856%: After closing the last session at 25.91 cents, NanoVibronix explodes to 40.3 cents (up 14.39 cents)
NanoVibronix, Inc. is having an eventful day so far, currently at 8.24 million and outpacing its average daily volume by 7,856%. Having gone up 0.88 cents over the past 3 days, this session seems to remain in the same lane for now — the Israeli medical device maker rallies 55.54% and stays at the 40.3 cents level.
Approximately 7 months ago, the Israeli medical device maker reached a significant high of $1.19 but has struggled to hold onto its gains and declined 78.23% since then. NanoVibronix is currently trading with a market cap of $11.28 million with an average daily volume of 104,940 shares. NanoVibronix last reported revenue of $97,000 with an EPS of -9 cents.
Blitzed the average daily volume by 147%: Sarepta moves up 3.53% after trading as low as $118.32
A hectic day for Sarepta, surpassing its average daily volume by 147% to reach 1.26 million. Sarepta Therapeutics continues a 14 day surge, reaping a total of 18.15%. heading in the same direction for now — the medical research and drug development company trades at $118.61 today, after closing Friday at $114.57 and gaining $4.04 (3.53%).
Sarepta Therapeutics hit a significant low of $62.69 around 5 months ago, but has since recovered 82.76%. The company's market cap is $10.41 billion with an average daily trading volume of 857,163 shares. $230.27 million was Sarepta's last reported revenue with $-2.94 being the current EPS.
— Average trading volume refers to a 21-day rolling average.