Duke Realty Corp, Activision Blizzard, Sociedad Química y Minera de Chile S.A. had the highest volumes Friday.
A recap of Friday's session: Markets completed a mixed session Friday while Dow Jones gained 0.45% and closed at 34,347. Nasdaq lost 0.52% and ended the session at 11,226.
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 Friday, several large cap and over stocks were actively traded. Here's an update:
Bullish mood lifts Duke Realty to session high of $49.26
Duke Realty Corp rose 23 cents to close at $48.2 Friday which makes for a move of 0.48%.
The US-based industrial REIT is now trading 20.72% below its 3-month high of $65.64. So far in 2022, it has been doing worse than the S&P by 6.3%. The company's market cap is $18.56 billion Duke Realty last reported revenue of $280.15 million with an EPS of 27 cents.
Blizzard | 152% above rolling average Blizzard suffers largest single-day drop since Jan 6
Blizzard outpaced its average daily trading volume (6 million) with 9.17 million shares traded Friday. Early in Friday's session, Blizzard dropped to $73.05 from $76.59 at the end of Wednesday, before closing at $73.47. During the session, it lost 4.07%.
Sociedad Quimica y Minera | 133% slightly greater than rolling average Friday's slide leaves Sociedad Quimica y Minera traders hoping for a bounce
Trading volume peaked at 2.37 million shares Friday, thereby obliterating the daily average of 1.78 million by 133%. After ending Wednesday at $99.38, Sociedad Quimica y Minera declined to $91.48 Friday before closing at $92.62, thereby losing 6.8% in total.
The Chilean lithium miner is now trading 12.46% below the significant high of $113.52 it set around 2 months ago. So far in 2022, it has been outperforming the Nasdaq by 113.68%. The company has a market cap of $26.46 billion with an average daily volume of 1.78 million shares.
— Average trading volume refers to a 21-day rolling average.