Duke Realty Corp, Live Nation Entertainment Inc, Nielsen Holdings plc and others reached higher-than-usual trading volumes.
A quick recap of where the last trading session ended: Leading equity indices in the US rose as Dow Jones closed the day at 33,746, having gained 0.59%. S&P 500 gained 0.48% and closed at 3,965.34.
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 today with some large cap and over stocks recording abnormally high trading volumes. Here's a recap:
100% higher trading volume than average: Duke Realty opened at $48.5 today before posting solid session gaining 0.48%
With 41.77 million shares traded today, Duke Realty Corp beat its daily average by 100% to cap off a frenetic trading day. Duke Realty rose 23 cents to close at $48.2 today which makes for a move of 0.48%.
Live Nation Entertainment | 662% higher than rolling average Live Nation Entertainment jumped $1.11 from a 1 year low and ended session at $66.21
With 15.23 million shares traded today, Live Nation Entertainment beat its daily average by 662% to cap off a frenetic trading day. Despite the risk-off mood, Live Nation Entertainment was range-bound between $65.1 to $73.84 and settled at $66.21.
Live Nation Entertainment is now trading 26.29% below its 3-month high of $126.04. So far in 2022, it has been under-performing the S&P by 19.15%. Live Nation Entertainment's market cap is currently $15.29 billion with an average daily trading volume of 2.30 million shares. $6.15 billion was Live Nation Entertainment's last reported revenue with $1.39 being the current EPS.
Nielsen | 393% above rolling average Nielsen maintains composure within $27.97 to $28 range
Today's trading volume peaked at 22.43 million shares, thereby blitzing the daily average of 5.71 million by 393%. Nielsen moves 0.04% to close at $28 today.
— Average trading volume refers to a 21-day rolling average.