Kansas City Southern, Santander Consumer USA Holdings Inc., Duke Realty Corp and others reached higher-than-usual trading volumes.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as S&P 500 lost 0.8% and ended the session at 3,665.78. Nasdaq closed at 10,600, a 0.61% change.
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 Yesterday's lacklustre sentiment ensured Kansas City Southern slid 1.69%
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 9 months. Kansas City Southern's market cap is currently $26.71 billion with an average daily trading volume of 18.69 million shares. Kansas City Southern is forecasted to generate revenues of $761.57 million and EPS of $2.16.
Santander Consumer USA | 228% higher than 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 Wednesday at $41.59.
Trading mostly sideways for 1 year, 4 months. The Nasdaq has been doing worse in 2022, it has been passing it by 47.87%. The company has a market cap of $12.73 billion with an average daily volume of 4.31 million shares. Santander Consumer USA expected revenue of $1.93 billion with an EPS of $1.4.
Duke Realty | 577% higher than rolling average Duke Realty gains 0.48% within $48.11 to $49.26 daily range
With 41.77 million shares traded yesterday, Duke Realty beat its daily average by 577% 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%.
— Average trading volume refers to a 21-day rolling average.