Take a look at the following communication_services stocks: Shaw Communications Inc., Playtika Holding Corp., PLAYSTUDIOS, Inc. and others showed higher volumes than usual.
Here's an update with information from the last trading session: Markets completed a mixed session yesterday while Nasdaq closed at 12,032, a 0.43% change. Dow Jones gained 0.29% and closed at 33,700.
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 communication_services stocks were actively traded. Here's an update:
Shaw Communications | 473% above rolling average
Shaw Communications Inc. has posted further gains as part of a 17 day trend that has already seen the stock gain $1.58. Yesterday's session pointed in the same direction — Shaw Communications improves 0.9% to close at $30.18 yesterday.
With 6.35 million shares traded yesterday, Shaw Communications beat its daily average by 473% to cap off a frenetic trading day.
Playtika | 180% higher than rolling average
With 2.71 million shares traded yesterday, Playtika beat its daily average by 180% to cap off a frenetic trading day.
Playtika hit a significant low of $7.89 around 3 months ago, but has since recovered 50.95%.
Playstudios | 128% slightly greater than rolling average
Playstudios has posted further gains as part of a 5 day trend that has already seen the stock gain 26 cents. Playstudios stayed on track yesterday: the free-to-play casual game developer rallied 4.85% and maintained $4.11.
Trading volume was 354,652 shares yesterday — beating the daily average by a mammoth 128%.
— Average trading volume refers to a 21-day rolling average.