Take a look at the following large cap and over stocks that showed higher volumes than usual: Kansas City Southern, Santander Consumer USA Holdings Inc., Duke Realty Corp.
A quick recap of where the last trading session ended: Markets completed a mixed session yesterday while Nasdaq was down 1.1% before closing the session at 10,426. S&P 500 shed 0.65% and closed at 3,589.
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 sideways yesterday, several large cap and over stocks were actively traded. Here's an update:
Kansas City Southern | 217% above rolling average Kansas City Southern sheds 1.69% within $289.03 to $296.96 daily range
Trading volume peaked at 40.65 million shares yesterday, thereby obliterating the daily average of 18.69 million by 217%. After ending Monday at $298.64, Kansas City Southern fell to $293.59 Overall, a 1.69% move or $5.05 yesterday.
The stock has been trending positively for about 9 months. Kansas City Southern has a market cap of $26.71 billion with an average daily volume of 18.69 million shares. Kansas City Southern has a forecast of $761.57 million with an EPS of $2.16.
Santander Consumer USA | 228% higher than rolling average Santander Consumer USA maintains composure within $41.51 to $41.73 range
With 9.81 million shares traded yesterday, Santander Consumer USA beat its daily average by 228% to cap off a frenetic trading day. Santander Consumer USA closed a flat day of trading at $41.6 yesterday after ending Monday at $41.59.
Trading mostly sideways for 1 year, 3 months. So far in 2022 it has been beating the Nasdaq by 50.31%. Santander Consumer USA's market cap is currently $12.73 billion with an average daily trading volume of 4.31 million shares. Santander Consumer USA expected revenue of $1.93 billion with an EPS of $1.4.
Duke Realty | 577% higher than rolling average Yesterday Duke Realty increased by 0.48%, ended the session at $48.2
Duke Realty outpaced its average daily trading volume (7.24 million) with 41.77 million shares traded yesterday. Duke Realty climbs 0.48% to close at $48.2 yesterday.
Duke Realty has shed 15.95% over the past three months. So far in 2022 it has been beating the S&P by 8%. The company's market cap is $18.74 billion with an average daily volume of 7.24 million shares. Duke Realty's last revenue report was $280.15 million with an EPS of 27 cents.
— Average trading volume refers to a 21-day rolling average.