Mid-America Apartment Communities Inc, Park Hotels & Resorts Inc., VICI Properties Inc. 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 Dow Jones lost 0.76% and ended the session at 33,045. S&P 500 shed 0.76% and closed at 3,899.
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 today, some real estate stocks reached high volumes. Here is an update.
Mid-America Apartment Communities | 152% above rolling average
Over the last 3 days, Mid-America Apartment Communities Inc has fallen 3.79%. Today's session continued the recent downtrend: an influx of sellers pushed Memphis-based REIT to session lows around $155.07 while establishing a $155.07 to $159.53 session range today.
Mid-America Apartment Communities had a compelling day today, with 808,512 shares traded helping the company surpass its average daily volume by 152%.
Park Hotels & Resorts | 103% slightly above rolling average
With 3.45 million shares traded today, Park Hotels & Resorts beat its daily average by 103% to cap off a frenetic trading day.
The lodging real estate investment trust has managed to gain 7.81% so far this year despite trading at lows around $11.09 previously. While on a 5 day downtrend
Park Hotels & Resorts discloses 25 cents per share dividend to be paid on Tuesday, January 17th
VICI Properties | 107% slightly above rolling average
Trading volume was 7.16 million shares today — beating the daily average by a mammoth 107%.
This year has been a bright one for the casino REIT after trading as low as $26.68 and going on to appreciate by 2.96% year to date.
VICI Properties discloses 39 cents per share dividend to be paid on Thursday, January 5th
— Average trading volume refers to a 21-day rolling average.