Lennar Corp, Nordson Corporation, Charles River Laboratories International, Inc. had the highest volumes today.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as Dow Jones lost 2.25% and ended the session at 33,200. S&P 500 slipped 2.49% and closed at 3,895.75.
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 large cap and over stocks reached high volumes. Here is an update.
Lennar | 363% above rolling average Lennar gains 3.82%; sets session high of $94.82
Today's trading volume peaked at 6.63 million shares, thereby blitzing the daily average of 1.83 million by 363%. An influx of buyers helped the home construction and real estate company to end the session higher around $94.29, while establishing a $87.35 to $94.82 session range today.
The past 3 months have been positive for the Florida home construction company as it added 23.67% compared to its 3-month low of $64.49. So far in 2022 it has been beating the S&P by 1.28%. The company's market cap is $24 billion with an average daily trading volume of 1.83 million shares.
Nordson | 286% higher than rolling average Risk-on sentiment allowed Nordson to post 2.51% gain today
Nordson outpaced its average daily trading volume (211,982) with 605,918 shares traded today. After closing yesterday at $235.91, Nordson closed at $241.84 today after climbing to $245.36 and dropping back down.
Having set a significant high of $269.12 5 months ago, the dispensing equipment manufacturer is trading 20.76% lower. The Nasdaq has been doing worse in 2022, it has been passing it by 35.71%. Nordson is currently trading with a market cap of $13.84 billion with an average daily volume of 211,982 shares.
Charles River | 234% above rolling average Charles River gains 1.95% within $213.28 to $234.47 daily range
With 1.59 million shares traded today, Charles River beat its daily average by 234% to cap off a frenetic trading day. Pronounced bullish sentiment in the market helped the gene therapy specialist to make a notable 1.95% gain today, rising $4.17 and ultimately closing at $218.5.
— Average trading volume refers to a 21-day rolling average.