Take a look at the following healthcare stocks that showed higher volumes than usual: Abiomed, DarioHealth Corp., Bright Health Group Inc..
A quick recap of where the last trading session ended: Leading equity indices in the US declined as Dow Jones was down 1.66% before closing the session at 32,255. S&P 500 lost 1.85% and ended the session at 3,918.32.
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 peaked at 15.70 million shares yesterday, thereby obliterating the daily average of 3.10 million by 506%.
The stock has been trending positively for about a month.
DarioHealth | 431% higher than rolling average
Yesterday's trading volume was 582,874 shares (surpassing the daily average by 431%).
The personalized health management firm is now trading 39.66% above the significant low ($3.53) it slumped to 2 months ago. Pointing downwards for around a month.
Bright Health | 238% above rolling average
Yesterday's trading volume peaked at 5.88 million shares, thereby blitzing the daily average of 2.47 million by 238%.
A day ago, the US health insurance company fell to a low of 38.47 cents but has since recovered 18.35%. Bright Health's downtrend has seen it decline 21.59% in 3 days
— Average trading volume refers to a 21-day rolling average.