Duke Realty Corp, VEREIT, Inc., Camden Property Trust and others reached higher-than-usual trading volumes.
Here's an update with information from the last trading session: Leading equity indices in the US declined as after dropping 0.31%, S&P 500 closed at 3,946.56. Nasdaq lost 0.35% and ended the session at 11,145.
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 real estate stocks reached high volumes. Here is an update.
Duke Realty had a compelling day yesterday, with 41.77 million shares traded helping the company surpass its average daily volume by 100%. End of a slump? After 17 days of going down, Duke Realty up 0.48% yesterday
With 41.77 million shares traded yesterday, Duke Realty Corp beat its daily average by 100% to cap off a frenetic trading day. Positive signs: after 23 days of being mostly flat yesterday's session shows improvement: Duke Realty increases 0.48% to close at $48.2 yesterday.
Duke Realty has shed 25.8% over the past three months. So far in 2022, it has been doing worse than the S&P 500 by 3.96%. Duke Realty's market cap currently stands at $18.56 billion with an average daily trading volume of 41.77 million shares. Duke Realty last reported revenue of $280.15 million with an EPS of 27 cents.
VEREIT | 162% higher than rolling average Pre-market trading leads VEREIT to drop to $50.3 (a 1.6% change) after ending yesterday at $51.12
Yesterday's trading volume peaked at 8.15 million shares, thereby blitzing the daily average of 5 million by 162%. After ending Wednesday at $51.63, VEREIT fell to $51.12. Overall, a 0.99% move or 51 cents yesterday.
The stock has been trending positively for about a year. With an average daily volume of 5 million shares.
Camden Property Trust | 124% slightly greater than rolling average Camden Property Trust traders look to defend ongoing uptrend in 4 hours time following yesterday's losses
Trading volume peaked at 1.21 million shares yesterday, thereby obliterating the daily average of 979,946 by 124%. Though in the midst of a 4 day uptrend, gaining a total of 1.47%, ($2.44), yesterday's session suggests run might be coming to an end — pronounced bearish sentiment in the market pushed Camden Property Trust into a notable 0.69% slide yesterday, falling 79 cents and ultimately closing at $113.52.
Camden Property Trust is now trading 4.52% above the significant low ($109.37) it slumped to 9 days ago. So far in 2022, it has performed better than the Nasdaq by 6.41%. Camden Property Trust is currently trading with a market cap of $12 billion with an average daily trading volume of 979,946 shares. Camden Property Trust is forecasted to generate revenues of $372.95 million and EPS of 35 cents.
— Average trading volume refers to a 21-day rolling average.