Duke Realty Corp, Healthcare Trust of America, Inc., Jones Lang LaSalle Incorporated had the highest volumes yesterday.
A recap of yesterday's session: Leading equity indices in the US declined as after dropping 2.5%, S&P 500 closed at 3,759.69. Nasdaq lost 3.36% and ended the session at 10,525.
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 | 421% above rolling average Duke Realty ended yesterday at $48.2, a 0.48% increase
Duke Realty Corp outpaced its average daily trading volume (9.93 million) with 41.77 million shares traded yesterday. Positive signs: after 12 days of being mostly flat yesterday's session shows improvement: Duke Realty rises 0.48% to close at $48.2 yesterday.
HTA | 515% higher than rolling average HTA remains on-trend despite dull session
Trading volume peaked at 64.62 million shares yesterday, thereby obliterating the daily average of 12.56 million by 515%. Stable at $29.19 and still trending upwards, yesterday's session put the brakes on the ongoing uptrend — HTA moves 0.07% to close at $29.19 yesterday.
Jones Lang LaSalle | 375% higher than rolling average Jones Lang LaSalle dropped by 12.5% and closed the session at $141.66
Yesterday's trading volume peaked at 1.45 million shares, thereby blitzing the daily average of 387,596 by 375%. Jones Lang LaSalle's bearish run has lasted 6 days so far (-$3.89). more of the same from yesterday's session: after ending Tuesday at $161.9, Jones Lang LaSalle dropped to $141.09 early in yesterday's session and closed at $141.66. In total, it lost 12.5%.
Jones Lang LaSalle hit a significant low of $141.66 around a day ago, but has since recovered 14.29%. So far in 2022 it has been beating the Nasdaq by 4.94%. The company's market cap is $6.79 billion with an average daily volume of 387,596 shares.
Jones Lang LaSalle was down, even though its quarterly earnings released on yesterday beat the analysts’ estimates. The reported earnings of 4.56 per share on revenue of $5.18 billion, topping estimates of 4.52 per share on revenue of $2.11 billion.
— Average trading volume refers to a 21-day rolling average.