The highest trading volumes during today's session were recorded by: iQIYI, Inc., AMC Entertainment Holdings, Inc., Tremor International Ltd.
Here's an update with information from the last trading session: Leading equity indices in the US declined as Dow Jones slipped 1.81% and closed at 33,300. S&P 500 shed 1.56% and closed at 3,929.
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.
Though trading was down today, some communication services stocks reached high volumes. Here is an update.
IQIYI | 209% above rolling average
Trading volume peaked at 48.68 million shares today, thereby obliterating the daily average of 23.25 million by 209%.
The internet video streaming service has fallen back around 18.51% over the past 13 days, from a notable high of $6.86. Having fallen $1.1 in 3 days,
AMC Entertainment | 211% above rolling average
Today's trading volume peaked at 61.61 million shares, thereby blitzing the daily average of 29.17 million by 211%.
After hitting an important low of $3.84 approximately 21 days ago, the theatrical exhibition business has bounced back 58.07% since.
Tremor International | 143% higher than rolling average
Tremor International is up 26 cents to $7.66, building upon five consecutive days of gains. The advertising-technology company has managed to gain 21.11% so far this year despite trading at lows around $6.19 previously. The company's market cap currently stands at $552.46 million with an average daily volume of 221,411 shares.
Today's trading volume peaked at 317,629 shares, thereby blitzing the daily average of 221,411 by 143%.
— Average trading volume refers to a 21-day rolling average.