Kansas City Southern, Santander Consumer USA Holdings Inc., Duke Realty Corp had the highest volumes yesterday.
A recap of yesterday's session: Leading equity indices in the US declined as Nasdaq lost 2.04% and ended the session at 10,971. S&P 500 slipped 0.74% and closed at 3,830.6.
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 Bearish mood pushes Kansas City Southern to session low of $289.03
Kansas City Southern outpaced its average daily trading volume (18.69 million) with 40.65 million shares traded yesterday. 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 9 months. Kansas City Southern is currently trading with 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
Yesterday's trading volume peaked at 9.81 million shares, thereby blitzing the daily average of 4.31 million by 228%. 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 beating the Nasdaq by 42.43%. Santander Consumer USA has a market cap of $12.73 billion with an average daily trading volume of 4.31 million shares. Santander Consumer USA is forecasted to generate revenues of $1.93 billion and EPS of $1.4.
Duke Realty | 512% higher than rolling average Duke Realty gains 0.48%; sets session high of $49.26
Trading volume peaked at 41.77 million shares yesterday, thereby obliterating the daily average of 8.16 million by 512%. Duke Realty rose 23 cents to close at $48.2 yesterday which makes for a move of 0.48%.
Duke Realty has shed 19.94% over the past three months. So far in 2022, it has been under-performing the S&P by 0.4%. Duke Realty's market cap currently stands at $18.74 billion with an average daily trading volume of 8.16 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.