Ecopetrol S.A., HollyFrontier Corp, Cabot Oil & Gas Corp had the highest volumes yesterday.
Yesterday's session summary: Leading equity indices in the US rose as Dow Jones gained 1.6% and closed at 33,376. S&P 500 ended the session at 3,878.44 after a 1.49% gain.
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.
Price action was mostly bullish yesterday with some energy stocks recording abnormally high trading volumes. Here's a recap:
Ecopetrol | 149% above rolling average
Trading volume was 4.40 million shares yesterday — beating the daily average by a mammoth 149%.
8 months ago the largest petroleum company in Colombia reached a significant high of $19.65 but has consequently lost 52.06% since then.
Ecopetrol | 149% above rolling average
Trading volume was 4.40 million shares yesterday — beating the daily average by a mammoth 149%.
8 months ago the largest petroleum company in Colombia reached a significant high of $19.65 but has consequently lost 52.06% since then.
Ecopetrol | 149% above rolling average
Trading volume was 4.40 million shares yesterday — beating the daily average by a mammoth 149%.
8 months ago the largest petroleum company in Colombia reached a significant high of $19.65 but has consequently lost 52.06% since then.
— Average trading volume refers to a 21-day rolling average.