Welltower Inc, Starwood Property Trust, Inc., SL Green Realty Corp. led the pack during yesterday's heightened trading volumes.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as Dow Jones lost 1.72% and ended the session at 32,856. S&P 500 was down 1.53% before closing the session at 3,986.37.
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 real_estate stocks reached high volumes. Here is an update.
Welltower | 206% above rolling average
After hitting an important low of $57.37 approximately 4 months ago, the real estate investment trust (REIT) has bounced back 31.06% since. Welltower's market cap currently stands at $36.29 billion with an average daily trading volume of 2.32 million shares.
Welltower outpaced its average daily trading volume (2.32 million) with 4.78 million shares traded yesterday.
Starwood Property | 185% above rolling average
Yesterday's trading volume was 4.85 million shares (surpassing the daily average by 185%).
The US REIT has managed to gain 8.32% so far this year despite trading at lows around $18.22 previously.
Starwood Property discloses 48 cents per share dividend to be paid on Friday, January 13th
SL Green | 161% higher than rolling average
SL Green hit a significant low of $32.91 around a day ago, but has since recovered 5.96%. Trending downwards for around a month. The company's market cap currently stands at $2.12 billion with an average daily volume of 1.46 million shares.
With 2.36 million shares traded yesterday, SL Green beat its daily average by 161% to cap off a frenetic trading day.
— Average trading volume refers to a 21-day rolling average.