The highest volumes today go to: Baidu Inc, Skillz Inc., PT Telkom Indonesia.
A short overview of the current market situation: The leading indices are dropping — Dow Jones trades at 31,900 after losing 1.12%. S&P 500 slipping 0.99% and closing at 3,921.
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 communication_services stocks are currently at high volumes. Here is an update.
Baidu | trading volume soars by 133%
A blockbuster trading session for Baidu Inc, eclipsing its average daily volume by 133% and recording 5.55 million.
Having set a significant high of $160.22 a month ago, the Chinese technology company is trading 13.77% lower. Baidu has posted further gains as part of a 3 day trend that has already seen the stock gain $6.7.
Skillz | currently blitzing its average daily volume by 154%
A hectic day for Skillz, surpassing its average daily volume by 154% to reach 11.21 million.
Approximately 11 months ago, the video game competition platform reached a significant high of $3.45 but has struggled to hold onto its gains and declined 84.75% since then. On a negative trend for around a month.
PT Telkom | 296,859 traded volume so far today exceeding the daily average by 127%
Telkom Indonesia is having an eventful day so far, currently at 296,859 and outpacing its average daily volume by 127%.
Telkom Indonesia hit a significant low of $23.17 around 2 months ago, but has since recovered 15.71%. Trading mostly sideways for a month. While PT Telkom is in the midst of a 5 day up trend,
— Average trading volume refers to a 21-day rolling average.