The highest volumes for yesterday went to: Kansas City Southern, Santander Consumer USA Holdings Inc., Duke Realty Corp.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as after dropping 1.54%, Nasdaq closed at 11,184. S&P 500 shed 0.83% and closed at 3,958.79.
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% higher than rolling average Risk-off mood drags Kansas City Southern 1.69% lower
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 Tuesday at $298.64. Overall, a 1.69% move or $5.05 yesterday.
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 39.95%. Santander Consumer USA's market cap currently stands at $12.73 billion with an average daily volume of 4.31 million shares. Santander Consumer USA has a forecast of $1.93 billion with an EPS of $1.4.
Duke Realty | 140% above rolling average After 16 sombre days of declines, Duke Realty was up 0.48% yesterday
Duke Realty outpaced its average daily trading volume (29.80 million) with 41.77 million shares traded yesterday. Duke Realty improves 0.48% to close at $48.2 yesterday.
Duke Realty is now trading 25.67% below its 3-month high of $65.64. So far in 2022, it has been doing worse than the S&P by 4.44%. Duke Realty's market cap is currently $18.74 billion with an average daily trading volume of 29.80 million shares. Duke Realty's last revenue report was $280.15 million with an EPS of 27 cents.
— Average trading volume refers to a 21-day rolling average.