The highest volumes today go to: Zynga Inc., Similarweb Ltd., Twitter Inc.
What is happening with the market now? Markets are mixed with Nasdaq trades at 11,241 after losing 1.03%. S&P 500 drawing back 0.49% to 3,972.35.
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 flat yesterday, some communication services stocks are at high volumes. Check them out.
Eclipsing the average by 600%: Zynga currently down 2.04% prior to afternoon session
Zynga Inc. is having an eventful day so far, currently at 227.57 million and outpacing its average daily volume by 600%. While on an 8 day downtrend, dropping a total of 3.42%, more of the same today: Zynga is down to $8.18, after ending yesterday at $8.35. Overall, a 2.04% loss or 17 cents today.
11 months ago, Zynga fell to a low of $5.77 but has since recovered 44.71%. So far in 2022 it has been beating the Nasdaq by 63.83%. Zynga's market cap is currently $9.16 billion with an average daily volume of 37.88 million shares. Zynga last reported revenue of $694.9 million with an EPS of 9.19 cents.
478,217 traded volume exceeded the daily average by 457%: Similarweb crashes 23.79% ahead of quarterly report today
A blockbuster trading session for Similarweb, eclipsing its average daily volume by 457% and recording 478,217. Similarweb is trading close to the $5.06 level today, after ending yesterday at $6.64 and dropping 23.79%.
Similarweb is scheduled to announce earnings results today. The consensus Earnings Per Share estimate is -0.27 and the consensus revenue estimate is $49.14 million.
75.14 million traded volume exceeded the daily average by 232%: Twitter increases to $53.7 extending bullish run
A hectic day for Twitter, surpassing its average daily volume by 232% to reach 75.14 million. Twitter displays further gains following a recent trend of 5 days and $3.46. as the session continues, it seems to maintain one direction — after closing the previous trading day at $53.35, Twitter is up to $53.7, which makes for a move of 0.66%/35 cents today.
— Average trading volume refers to a 21-day rolling average.