Take a look at the following large cap and over stocks that showed higher volumes than usual: Duke Realty Corp, Telefônica Brasil S.A., Sarepta Therapeutics, Inc..
Here's an update with information from the last trading session: Leading equity indices in the US declined as Dow Jones shed 1.45% and closed at 33,849. S&P 500 lost 1.54% and ended the session at 3,964.
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 yesterday, some large cap and over stocks reached high volumes. Here is an update.
Duke Realty closes at $48.2 after gaining 0.48% End of a slump? After 23 days of going down, Duke Realty up 0.48% yesterday
Duke Realty Corp rises 0.48% to close at $48.2 yesterday.
The US REIT has shed 19.97% over the past three months. So far in 2022, it has been under-performing the S&P 500 by 4.75%. Duke Realty has a market cap of $18.56 billion Duke Realty last reported revenue of $280.15 million with an EPS of 27 cents.
Telefonica | 176% higher than rolling average Telefonica dropped by 1.79% and closed the session at $7.13
Trading volume peaked at 4 million shares yesterday, thereby obliterating the daily average of 2.32 million by 176%. After ending Friday at $7.26, Telefonica declined to $7.09 yesterday before closing at $7.13, thereby losing 1.79% in total.
After hitting an important low of $7.13 approximately a day ago, the South American telecoms giant has bounced back 1.82% since. So far in 2022 it has been beating the Nasdaq by 28.22%. Telefonica's market cap is currently $11.88 billion with an average daily volume of 2.32 million shares. Telefonica expected revenue of $2.16 billion with an EPS of 8 cents.
Sarepta | 250% higher than rolling average Yesterday Sarepta increased by 3.11%, ended the session at $118.13
With 2.14 million shares traded yesterday, Sarepta beat its daily average by 250% to cap off a frenetic trading day. Pronounced bullish sentiment in the market helped the US biotech developer to make a notable 3.11% gain yesterday, rising $3.56 and ultimately closing at $118.13.
The medical research and drug development company is up 82.76% from the significant low of $62.69 it hit 5 months ago. The company has a market cap of $10.37 billion with an average daily trading volume of 857,163 shares. Sarepta Therapeutics's last revenue report was $230.27 million with an EPS of $-2.94.
— Average trading volume refers to a 21-day rolling average.