Duke Realty Corp, Activision Blizzard, Sociedad Química y Minera de Chile S.A. and others reached higher-than-usual trading volumes.
A recap of yesterday's session: Markets completed a mixed session yesterday, as Dow Jones ended the session at 34,347 after a 0.45% gain. Nasdaq slipped 0.52% and closed 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 yesterday, several large cap and over stocks were actively traded. Here's an update:
Duke Realty gains 0.48% within $48.11 to $49.26 daily range End of a slump? After 22 days of going down, Duke Realty up 0.48% yesterday
Duke Realty Corp rose 23 cents to close at $48.2 yesterday which makes for a move of 0.48%.
The US REIT has shed 23.22% over the past three months. So far in 2022, it has been under-performing the S&P 500 by 6.3%. Duke Realty is currently trading with a market cap of $18.56 billion Duke Realty's last revenue report was $280.15 million with an EPS of 27 cents.
Blizzard | 152% above rolling average Blizzard closed at $73.47 after suffering its largest single-day drop of $3.12 since Jan 6
Blizzard outpaced its average daily trading volume (6 million) with 9.17 million shares traded yesterday. After ending Wednesday at $76.59, Blizzard declined to $73.05 yesterday before closing at $73.47, thereby losing 4.07% in total.
The interactive entertainment content and services provider has shed 6.81% over the past three months. The Nasdaq has been doing worse in 2022, it has been passing it by 49.4%. The company has a market cap of $57.50 billion with an average daily volume of 6 million shares. Blizzard last reported revenue of $1.78 billion with an EPS of 58 cents.
Sociedad Quimica y Minera | 132% slightly greater than rolling average Sociedad Quimica y Minera sheds 6.8% within $91.48 to $96.36 daily range
Sociedad Quimica y Minera outpaced its average daily trading volume (1.78 million) with 2.34 million shares traded yesterday. Early in yesterday's session, Sociedad Quimica y Minera dropped to $91.48 from $99.38 at the end of Wednesday, before closing at $92.62. During the session, it lost 6.8%.
The Chilean chemical company reached a significant high of $113.52 around 2 months ago but has lost 12.46% since then. So far in 2022, it has performed better than the Nasdaq by 113.68%. Sociedad Quimica y Minera's market cap is currently $26.46 billion with an average daily trading volume of 1.78 million shares.
— Average trading volume refers to a 21-day rolling average.