Kansas City Southern, Santander Consumer USA Holdings Inc., Duke Realty Corp had the highest volumes yesterday.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as S&P 500 lost 2.5% and ended the session at 3,759.69. Nasdaq shed 3.36% and closed at 10,525.
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.
Kansas City Southern | 217% above rolling average Kansas City Southern dropped by 1.69% and closed the session at $293.59
With 40.65 million shares traded yesterday, Kansas City Southern beat its daily average by 217% to cap off a frenetic trading day. After ending Tuesday at $298.64, Kansas City Southern fell to $293.59. Overall, a 1.69% move or $5.05 yesterday.
The stock has been trending positively for about 10 months. The company has a market cap of $26.71 billion with an average daily volume of 18.69 million shares. Kansas City Southern expected revenue of $761.57 million with an EPS of $2.16.
Santander Consumer USA | 228% above rolling average Santander Consumer USA maintains composure within $41.51 to $41.73 range
Santander Consumer USA outpaced its average daily trading volume (4.31 million) with 9.81 million shares traded yesterday. Santander Consumer USA closed a flat day of trading at $41.6 yesterday after ending Tuesday at $41.59.
Trading mostly sideways for 1 year, 4 months. So far in 2022 it has been beating the Nasdaq by 45.87%. Santander Consumer USA is currently trading with a market cap of $12.73 billion with an average daily trading volume of 4.31 million shares. Santander Consumer USA is forecasted to generate revenues of $1.93 billion and EPS of $1.4.
Duke Realty | 421% above rolling average End of a slump? After six days of going down, Duke Realty up 0.48% yesterday
With 41.77 million shares traded yesterday, Duke Realty beat its daily average by 421% to cap off a frenetic trading day. Duke Realty rose 23 cents to close at $48.2 yesterday which makes for a move of 0.48%.
Duke Realty has shed 21.19% over the past three months. The S&P 500 has been doing worse in 2022, it has been passing it by 0.06%. Duke Realty has a market cap of $18.74 billion with an average daily volume of 9.93 million shares. Duke Realty last reported revenue of $280.15 million with an EPS of 27 cents.
— Average trading volume refers to a 21-day rolling average.