Shaw Communications Inc., Playtika Holding Corp., DISH Network Corp led the pack during Friday's heightened trading volumes.
Here's an update with information from the last trading session: Leading equity indices in the US declined as after dropping 0.42%, Dow Jones closed at 33,900. Nasdaq slipped 0.35% and closed at 12,123.
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 communication_services stocks reached high volumes. Here is an update.
Shaw Communications | 473% higher than rolling average
Friday's trading volume was 6.35 million shares (surpassing the daily average 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
Playtika | 104% slightly greater than rolling average
Having set a significant low of $7.89 3 months ago, the mobile casino game developer is trading 41.32% higher. Playtika is currently trading with a market cap of $3.95 billion with an average daily trading volume of 1.61 million shares.
With 1.67 million shares traded Friday, Playtika beat its daily average by 104% to cap off a frenetic trading day.
DISH | 104% slightly above rolling average
The direct-broadcast satellite provider has recovered 6.38% since descending to a significant low of $7.84 around 3 days ago. Pointing downwards for around 2 months. DISH has a market cap of $4.16 billion with an average daily trading volume of 8.69 million shares.
Trading volume was 9 million shares Friday — beating the daily average by a mammoth 104%.
— Average trading volume refers to a 21-day rolling average.