The highest volumes today go to: Duke Realty Corp & Avalonbay Communities Inc.
A quick recap: The leading indices are falling — Dow Jones drawing back 1.15% to 33,953. S&P 500 slipping 1.2% and closing at 3,977.62.
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 Friday, some real estate stocks are currently at high volumes. Here is an update.
Upward momentum peaks at $49.26 for Duke Realty Duke Realty up 0.48% to $48.2 after 29 days of trading sideways
Finally showing signs of life after 29 days of trading sideways, todays session shows some improvement: after closing the previous trading day at $47.97, Duke Realty is up to $48.2, which makes for a move of 0.48%/23 cents today.
The US-based industrial REIT has shed 20.72% over the past three months. So far in 2022, it has been under-performing the S&P by 6.29%. Duke Realty has a market cap of $18.56 billion Duke Realty's last revenue report was $280.15 million with an EPS of 27 cents.
AvalonBay Communities currently down 0.59% prior to afternoon session Is the bullish run coming to an end? AvalonBay Communities down to $169.05 (-0.59%)
While AvalonBay Communities is in the midst of a 6 day up trend bucking the trend and turning lower, while bearish sentiment is dominating the market, the publicly traded REIT is maintaining its poise around $169.05 while ranging between $168.9 and $172.05 so far today.
AvalonBay Communities hit a significant low of $158.98 around 19 days ago, but has since recovered 6.97%. So far in 2022, it has been doing worse than the S&P 500 by 13.54%. The company has a market cap of $23.65 billion with an average daily trading volume of 960,783 shares. AvalonBay Communities is forecasted to generate revenues of $662.46 million and EPS of $1.26.
— Average trading volume refers to a 21-day rolling average.