The highest volumes today go to: Shaw Communications Inc., Telefónica, S.A., AT&T.
Here's the most recent update: The leading indices are dropping — S&P 500 drawing back 0.66% to 4,127.26. Nasdaq slipping 0.77% and closing at 12,064.
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.
Shaw Communications | currently blitzing its average daily volume by 473%
Shaw Communications Inc. is having an eventful day so far, currently at 6.35 million and outpacing its average daily volume by 473%.
Shaw Communications hit a significant low of $24 around 6 months ago, but has since recovered 24.68%. The stock has been trending positively for about a month. Shaw Communications has posted further gains as part of a 17 day trend that has already seen the stock gain $1.58.
Shaw Communications discloses 7.2 cents per share dividend to be paid on Thursday, March 30th
Telefonica | 474% higher than average
A hectic day for Telefonica, surpassing its average daily volume by 474% to reach 3.40 million.
The Spanish telecoms titan has gained 23.69% since its lowest print of $3.15 earlier this year. The stock has been trending positively for about a month. While on a 5 day slump, falling a total of 1.78%,
AT&T | 376% improvement so far today
AT&T hit a significant low of $14.63 around 6 months ago, but has since recovered 34.65%. The stock has been trending positively for about a month. AT&T's market cap is currently $125.83 billion with an average daily trading volume of 27 million shares.
A blockbuster trading session for AT&T, eclipsing its average daily volume by 376% and recording 101.74 million.
— Average trading volume refers to a 21-day rolling average.