Abiomed, Sarepta Therapeutics, Inc., Bright Health Group Inc. had the highest volumes yesterday.
A recap of yesterday's session: Leading equity indices in the US declined as Nasdaq lost 0.66% and ended the session at 11,379. S&P 500 closed at 3,951.39, a 0.47% 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 healthcare stocks reached high volumes. Here is an update.
Abiomed | 506% above rolling average
Trading volume was 15.70 million shares yesterday — beating the daily average by a mammoth 506%.
The stock has been trending positively for about a month.
Sarepta Therapeutics | 567% higher than rolling average
Sarepta has posted further gains as part of a 3 day trend that has already seen the stock gain $4. Yesterday's session pointed in the same direction — the medical research and drug development company rose as high as $152.28 before giving up its gains and dropping back to $145.63 before the close on yesterday.
Trading volume was 6.95 million shares yesterday — beating the daily average by a mammoth 567%.
Bright Health | 605% above rolling average
With 6.95 million shares traded yesterday, Bright Health beat its daily average by 605% to cap off a frenetic trading day.
Bright Health hit a significant low of 50.42 cents around a day ago, but has since recovered 72.55%.
— Average trading volume refers to a 21-day rolling average.