CubeSmart, Apartment Income REIT Corp., Spirit Realty Capital, Inc. had the highest volumes yesterday.
Here's an update with information from the last trading session: Leading equity indices in the US declined as Dow Jones closed at 33,200, a 2.25% change. S&P 500 shed 2.49% and closed at 3,895.75.
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.
CubeSmart | 205% above rolling average
With 4.43 million shares traded yesterday, CubeSmart beat its daily average by 205% to cap off a frenetic trading day.
Having set a significant high of $57.02 2 months ago, the self-managed real estate company is trading 13.16% lower. The stock has been trending positively for about a month. CubeSmart has lost 3.95% over the last 4 days.
AIR | 192% higher than rolling average
With 1.70 million shares traded yesterday, AIR beat its daily average by 192% to cap off a frenetic trading day.
11 months ago the "apartment community" REIT reached a significant high of $55.22 but has consequently lost 33.67% since then. AIR's downtrend has seen it decline 3.19% in 3 days
Spirit Realty Capital | 234% higher than rolling average
Spirit Realty Capital hit a significant low of $34.72 around a month ago, but has since recovered 19.73%. The stock has been trending positively for about a month. The company has a market cap of $5.78 billion with an average daily volume of 622,478 shares.
Trading volume peaked at 1.46 million shares yesterday, thereby obliterating the daily average of 622,478 by 234%.
— Average trading volume refers to a 21-day rolling average.