The highest volumes today go to: Cerner Corp, Change Healthcare Inc., BeiGene, Ltd..
What is happening with the market now? Markets are up including news that Dow Jones up 1.12%, trading at 31,430. S&P 500 goes up 0.85%, trading at 3,784.73.
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.
While trading was mostly up Friday, some health care stocks have high volumes. Take a look.
Blitzed the average daily volume by 777%: Cerner continues trading sideways, currently at $94.92
A hectic day for Cerner Corp, surpassing its average daily volume by 777% to reach 38.20 million. It's been more of the same this session on the back of a month of flat trade, today's session so far looks to be heading in a similar way — Cerner trades at $94.92, after ending Friday at $94.92.
The supplier of healthcare information technology has recovered 35.81% since descending to a significant low of $69.89 around 11 months ago. The Nasdaq has been doing worse in 2022, it has been passing it by 48.03%. Cerner has a market cap of $27.74 billion with an average daily trading volume of 4.92 million shares. Cerner has a forecast of $1.47 billion with an EPS of 87.15 cents.
215% improvement: Bullish phase under threat as Change Healthcare stays range-bound
Change Healthcare is having an eventful day so far, currently at 28.98 million and outpacing its average daily volume by 215%. Stable at $27.49 and still trending upwards, today's session might suggest a slow down — Change Healthcare trades at $27.49, after ending Friday at $27.49.
The past 3 months have been positive for Change Healthcare as it added 15.07% compared to its 3-month low of $19.1. The company's market cap is $9 billion with an average daily volume of 13.47 million shares. Change Healthcare's last revenue report was $884.47 million with an EPS of 38 cents.
595,308 traded volume exceeded the daily average by 219%: BeiGene currently down 8.37% prior to afternoon session
A blockbuster trading session for BeiGene, eclipsing its average daily volume by 219% and recording 595,308. BeiGene is trading close to the $155.19 level today, after ending Friday at $169.37 and dropping 8.37%.
— Average trading volume refers to a 21-day rolling average.