Kansas City Southern, Santander Consumer USA Holdings Inc., Duke Realty Corp and others reached higher-than-usual trading volumes.
Here's an update with information from the last trading session: Leading equity indices in the US rose as Dow Jones closed the day at 31,083, having gained 2.47%. S&P 500 ended the session at 3,752.75 after a 2.37% 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 Friday with some large cap and over stocks recording abnormally high trading volumes. Here's a recap:
Kansas City Southern | 217% above rolling average Bearish Kansas City Southern declines $5.05 (1.69%)
With 40.65 million shares traded Friday, Kansas City Southern beat its daily average by 217% to cap off a frenetic trading day. After ending Thursday at $298.64, Kansas City Southern fell to $293.59. Overall, a 1.69% move or $5.05 Friday.
The stock has been trending positively for about 9 months. The company's market cap is $26.71 billion with an average daily volume of 18.69 million shares. Kansas City Southern expected revenue of $761.57 million with an EPS of $2.16.
Santander Consumer USA | 228% above rolling average Santander Consumer USA maintains composure within $41.51 to $41.73 range
Santander Consumer USA outpaced its average daily trading volume (4.31 million) with 9.81 million shares traded Friday. Santander Consumer USA closed a flat day of trading at $41.6 Friday after ending Thursday at $41.59.
Trading mostly sideways for 1 year, 4 months. So far in 2022 it has been beating the Nasdaq by 45.87%. The company has a market cap of $12.73 billion with an average daily trading volume of 4.31 million shares. Santander Consumer USA has a forecast of $1.93 billion with an EPS of $1.4.
Duke Realty | 556% higher than rolling average Duke Realty closes at $48.2 after gaining 0.48%
Trading volume peaked at 41.77 million shares Friday, thereby obliterating the daily average of 7.52 million by 556%. Duke Realty moves up 0.48% to close at $48.2 Friday.
Duke Realty has shed 19.32% over the past three months. So far in 2022, it has performed better than the S&P 500 by 3.04%. The company has a market cap of $18.74 billion with an average daily trading volume of 7.52 million shares. $280.15 million was Duke Realty's last reported revenue with 27 cents being the current EPS.
— Average trading volume refers to a 21-day rolling average.