Kansas City Southern, Santander Consumer USA Holdings Inc., Duke Realty Corp and others reached higher-than-usual trading volumes.
Here's an update with information from the last trading session: Leading equity indices in the US declined as Nasdaq lost 1.73% and ended the session at 10,343. After dropping 1.06%, S&P 500 closed at 3,720.
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% higher than rolling average Risk-off mood drags Kansas City Southern 1.69% lower
Kansas City Southern outpaced its average daily trading volume (18.69 million) with 40.65 million shares traded yesterday. After ending Wednesday 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. Kansas City Southern is currently trading with a market cap of $26.71 billion with an average daily volume of 18.69 million shares. Kansas City Southern has a forecast of $761.57 million with an EPS of $2.16.
Santander Consumer USA | 228% higher than rolling average Santander Consumer USA maintains composure within $41.51 to $41.73 range
With 9.81 million shares traded yesterday, Santander Consumer USA beat its daily average by 228% to cap off a frenetic trading day. Santander Consumer USA closed a flat day of trading at $41.6 yesterday after ending Wednesday at $41.59.
Trading mostly sideways for 1 year, 4 months. So far in 2022, it has performed better than the Nasdaq by 50.45%. The company has a market cap of $12.73 billion with an average daily trading volume of 4.31 million shares. Santander Consumer USA expected revenue of $1.93 billion with an EPS of $1.4.
Duke Realty | 402% higher than rolling average End of a slump? After seven days of going down, Duke Realty up 0.48% yesterday
Duke Realty outpaced its average daily trading volume (10.38 million) with 41.77 million shares traded yesterday. Duke Realty rose 23 cents to close at $48.2 yesterday which makes for a move of 0.48%.
Duke Realty is now trading 21.95% below its 3-month high of $65.64. So far in 2022 it has been beating the S&P 500 by 2.55%. Duke Realty's market cap is currently $18.74 billion with an average daily trading volume of 10.38 million shares. $280.15 million was Duke Realty's last reported revenue with 27 cents being the current EPS.
— Average trading volume refers to a 21-day rolling average.