Arch Capital Group Ltd., Kansas City Southern, Santander Consumer USA Holdings Inc. had the highest volumes yesterday.
Here's an update with information from the last trading session: Leading equity indices in the US declined as Nasdaq lost 1.03% and ended the session at 11,000. S&P 500 shed 0.75% and closed at 3,872.
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 large cap and over stocks reached high volumes. Here is an update.
Arch Capital | 1,350% above rolling average Arch Capital hits new all-time high at $58
With 93.70 million shares traded yesterday, Arch Capital Group Ltd. beat its daily average by 1,350% to cap off a frenetic trading day. Having ended a bullish session yesterday at $57.5, momentum helped Arch Capital finish the day 82 cents or 1.45% higher, although mixed sentiments ensured Arch Capital etched out a distinct $56.17 to $58 session range.
Arch Capital is now trading 1.43% below the significant high of $57.5 it set around a day ago. So far in 2022, it has performed better than the Nasdaq by 73.18%. The company's market cap is $21.24 billion with an average daily trading volume of 6.94 million shares.
Kansas City Southern | 217% higher than rolling average Bearish Kansas City Southern declines $5.05 (1.69%)
Trading volume peaked at 40.65 million shares yesterday, thereby obliterating the daily average of 18.69 million by 217%. Kansas City Southern went down to $293.59, after ending Friday at $298.64. Overall, a 1.69% move or $5.05 yesterday.
The stock has been trending positively for about 10 months. The company has a market cap of $26.71 billion with an average daily volume of 18.69 million shares. Kansas City Southern expected revenue of $761.57 million with an EPS of $2.16.
Santander Consumer USA | 228% higher than rolling average Santander Consumer USA maintains composure within $41.51 to $41.73 range
Trading volume peaked at 9.81 million shares yesterday, thereby obliterating the daily average of 4.31 million by 228%. Santander Consumer USA closed a flat day of trading at $41.6 yesterday after ending Friday at $41.59.
— Average trading volume refers to a 21-day rolling average.