The highest trading volumes during yesterday's session were recorded by: Abiomed, Mizuho Financial Group, Inc., Interactive Brokers Group, Inc..
Yesterday's session summary: Leading equity indices in the US declined as Dow Jones slipped 1.81% and closed at 33,300. S&P 500 lost 1.56% and ended the session at 3,929.
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.
Abiomed | 700% higher than rolling average
Trading volume peaked at 15.70 million shares yesterday, thereby obliterating the daily average of 2.25 million by 700%.
Mizuho Financial Group | 445% higher than rolling average
The mammoth Japanese bank has managed to gain 11.15% so far this year despite trading at lows around $2.12 previously. The stock has been trending positively for about 2 months. Currently, the mammoth Japanese bank has a market capitalization of $40.17 billion with an average daily trading volume of 1.44 million shares.
With 6.42 million shares traded yesterday, Mizuho Financial Group beat its daily average by 445% to cap off a frenetic trading day.
Interactive Brokers | 447% higher than rolling average
Having set a significant high of $80.93 a day ago, the trading vendor is trading 4.62% lower. The stock has been trending positively for about 30 days. The company is currently trading with a market cap of $33.73 billion with an average daily trading volume of 1 million shares.
Yesterday's trading volume peaked at 4.60 million shares, thereby blitzing the daily average of 1 million by 447%.
— Average trading volume refers to a 21-day rolling average.