The highest volumes for yesterday went to: Kansas City Southern, Santander Consumer USA Holdings Inc., Duke Realty Corp.
Yesterday's session summary: Leading equity indices in the US declined as S&P 500 slipped 2.5% and closed at 3,759.69. Nasdaq shed 3.36% and closed at 10,525.
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.
Kansas City Southern | 217% above rolling average Bearish mood pushes Kansas City Southern to session low of $289.03
Yesterday's trading volume peaked at 40.65 million shares, thereby blitzing the daily average of 18.69 million by 217%. After ending Tuesday at $298.64, Kansas City Southern fell to $293.59. Overall, a 1.69% move or $5.05 yesterday.
The stock has been trending positively for about 10 months. Kansas City Southern has a market cap of $26.71 billion with an average daily volume of 18.69 million shares. Kansas City Southern is forecasted to generate revenues of $761.57 million and EPS of $2.16.
Santander Consumer USA | 228% higher than rolling average Santander Consumer USA maintains composure within $41.51 to $41.73 range
With 9.81 million shares traded yesterday, Santander Consumer USA beat its daily average by 228% to cap off a frenetic trading day. Santander Consumer USA closed a flat day of trading at $41.6 yesterday after ending Tuesday at $41.59.
Trading mostly sideways for 1 year, 4 months. So far in 2022, it has been outperforming the Nasdaq by 45.87%. Santander Consumer USA is currently trading with a market cap of $12.73 billion with an average daily trading volume of 4.31 million shares. Santander Consumer USA expected revenue of $1.93 billion with an EPS of $1.4.
Duke Realty | 421% higher than rolling average Duke Realty ended yesterday at $48.2, a 0.48% increase
With 41.77 million shares traded yesterday, Duke Realty beat its daily average by 421% to cap off a frenetic trading day. Duke Realty improves 0.48% to close at $48.2 yesterday.
— Average trading volume refers to a 21-day rolling average.