Traders are flocking around Shaw Communications Inc. and Netflix and others; check out these communication_services stocks that are displaying higher than typical trading volumes.
What is happening with the market now? Markets are currently flat. Dow Jones slipping 0.24% and closing at 33,900. Nasdaq holds at 12,164.
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.
Shaw Communications | 473% higher than average
Shaw Communications Inc. is having an eventful day so far, currently at 6.35 million and outpacing its average daily volume by 473%.
Shaw Communications hit a significant low of $24 around 6 months ago, but has since recovered 24.68%. The stock has been trending positively for about a month. Shaw Communications has posted further gains as part of a 17 day trend that has already seen the stock gain $1.58.
Shaw Communications discloses 7.2 cents per share dividend to be paid on Thursday, March 30th
Netflix | trading volume soars by 232%
The streaming company has appreciated 38.55% over the past six months. The stock has been trending positively for about a month. The company's market cap currently stands at $142.93 billion with an average daily volume of 6.71 million shares.
A blockbuster trading session for Netflix, eclipsing its average daily volume by 232% and recording 15.53 million.
— Average trading volume refers to a 21-day rolling average.