The highest trading volumes during Friday's session were recorded by: Rexford Industrial Realty, Inc., Hudson Pacific Properties, Inc., Public Storage.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as after dropping 0.42%, Dow Jones closed at 33,900. Nasdaq lost 0.35% and ended the session at 12,123.
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 Friday, some real_estate stocks reached high volumes. Here is an update.
Rexford Industrial | 243% above rolling average
Rexford Industrial Realty, Inc. went down to $53.68 (2.59%), adding to its five days of losses. The Californian REIT reached a significant high of $83.86 around 11 months ago but has lost 34.28% since then. Rexford Industrial is currently trading with a market cap of $10.56 billion with an average daily trading volume of 1.49 million shares.
Rexford Industrial outpaced its average daily trading volume (1.49 million) with 3.62 million shares traded Friday.
Hudson Pacific Properties, Inc. | 120% slightly above rolling average
Hudson Pacific Properties, Inc. went down to $5.64 (5.05%), adding to its four days of losses. The office-focused REIT has fallen back around 76.88% from the significant high of $25.69 set 11 months ago. Hudson Pacific Properties, Inc.'s market cap currently stands at $795.60 million with an average daily volume of 4.74 million shares.
Hudson Pacific Properties, Inc. had a compelling day Friday, with 5.70 million shares traded helping the company surpass its average daily volume by 120%.
Public Storage | 144% higher than rolling average
Friday's trading volume peaked at 1.78 million shares, thereby blitzing the daily average of 1.24 million by 144%.
Public Storage hit a significant low of $271.27 around 3 months ago, but has since recovered 12.25%. Public Storage's bearish run has lasted 4 days so far (-$9.54).
Public Storage discloses $three per share dividend to be paid on Thursday, March 30th
— Average trading volume refers to a 21-day rolling average.