UDR Inc, CBRE Group Inc, STORE Capital Corporation and others reached higher-than-usual trading volumes.
Yesterday's session summary: Markets did not have a clear cut direction — Nasdaq closed 12,072 after a stable day. Dow Jones closed at 33,800 after a flat day.
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 real_estate stocks were actively traded. Here's an update:
UDR Apartments | 189% above rolling average
UDR Inc has shed $17.92 points and is languishing 30.09% lower over the past year, leaving its yearly highs around $59.45 in the rear-view mirror. The stock has been trending positively for about 29 days. The company is currently trading with a market cap of $22.82 billion with an average daily trading volume of 2.26 million shares.
Trading volume peaked at 4.27 million shares yesterday, thereby obliterating the daily average of 2.26 million by 189%.
CBRE Group | 128% slightly greater than rolling average
Yesterday's trading volume peaked at 2.50 million shares, thereby blitzing the daily average of 1.96 million by 128%.
The US real estate bellwether has fallen back around 19.29% over the past 2 months, from a notable high of $89.51. On a negative trend for around 2 months. Though in the midst of an 8 day uptrend, gaining a total of 2.89%, ($2.4),
STORE Capital Corporation | 157% above rolling average
STORE Capital Corporation moves 0% to close at $32.21 yesterday.
Trading volume peaked at 4 million shares yesterday, thereby obliterating the daily average of 2.61 million by 157%.
— Average trading volume refers to a 21-day rolling average.