The following large cap and over stocks experienced higher volumes than usual including Kansas City Southern, Santander Consumer USA Holdings Inc., Duke Realty Corp and others.
Friday's session summary: Leading equity indices in the US rose as Dow Jones ended the session at 31,083 after a 2.47% gain. S&P 500 gained 2.37% and closed at 3,752.75.
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% higher than rolling average Friday's slide leaves Kansas City Southern traders hoping for a bounce
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.
Santander Consumer USA | 228% above rolling average Santander Consumer USA maintains composure within $41.51 to $41.73 range
Trading volume peaked at 9.81 million shares Friday, thereby obliterating the daily average of 4.31 million by 228%. Santander Consumer USA closed a flat day of trading at $41.6 Friday after ending Thursday at $41.59.
Duke Realty | 556% higher than rolling average Duke Realty levels up 0.48% in Friday's session; traders eye opening bell in a day time
Duke Realty outpaced its average daily trading volume (7.52 million) with 41.77 million shares traded Friday. Duke Realty rose 23 cents to close at $48.2 Friday which makes for a move of 0.48%.
— Average trading volume refers to a 21-day rolling average.