Take a look at the following communication_services stocks: Alphabet, TELUS Corporation, CenturyLink, Inc. d/b/a Lumen T and others showed higher volumes than usual.
Here's an update with information from the last trading session: Leading equity indices in the US declined as S&P 500 closed at 4,081.5, a 0.88% change. Dow Jones lost 0.73% and ended the session at 33,700.
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 communication_services stocks reached high volumes. Here is an update.
Google | 295% above rolling average
Alphabet's bearish run has lasted 3 days so far (-$8.04). Yesterday's session continued down the same path: after ending Wednesday at $100, Google dropped to $93.87 early in yesterday's session and closed at $95.46. In total, it lost 4.54%.
Yesterday's trading volume peaked at 97.55 million shares, thereby blitzing the daily average of 33 million by 295%.
Telus Corporation | 267% higher than rolling average
Telus Corporation went down to $20.1 (3.74%), adding to its seven days of losses. Having set a significant low of $19.2 a month ago, the Canadian telecoms company is trading 8.75% higher. The company has a market cap of $28.75 billion with an average daily trading volume of 1.61 million shares.
Trading volume was 4.30 million shares yesterday — beating the daily average by a mammoth 267%.
Lumen | 219% higher than rolling average
A 6 day downtrend is ongoing for Lumen. A possible change of direction spotted from yesterday; Lumen recovered from the previous trading session's losses and went up to $four yesterday after it traded lower at $3.77.
Yesterday's trading volume was 60.99 million shares (surpassing the daily average by 219%).
— Average trading volume refers to a 21-day rolling average.