Kansas City Southern, Santander Consumer USA Holdings Inc., Duke Realty Corp and others reached higher-than-usual trading volumes.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as S&P 500 shed 0.89% and closed at 3,957.25. Nasdaq slipped 1.12% and closed at 11,200.
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. 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 trading 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
Santander Consumer USA outpaced its average daily trading volume (4.31 million) with 9.81 million shares traded yesterday. Santander Consumer USA closed a flat day of trading at $41.6 yesterday after ending Friday at $41.59.
Duke Realty | 200% above rolling average End of a slump? After 14 days of going down, Duke Realty up 0.48% yesterday
Yesterday's trading volume peaked at 41.77 million shares, thereby blitzing the daily average of 20.72 million by 200%. Duke Realty ascends 0.48% to close at $48.2 yesterday.
Duke Realty has shed 26.34% over the past three months. So far in 2022, it has been under-performing the S&P 500 by 4.41%. The company's market cap is $18.74 billion with an average daily volume of 20.72 million shares. $280.15 million was Duke Realty's last reported revenue with 27 cents being the current EPS.
— Average trading volume refers to a 21-day rolling average.