The highest trading volumes during yesterday's session were recorded by: CoStar Group, Inc., SBA Communications Corp, Public Storage.
Yesterday's session summary: Leading equity indices in the US declined as Dow Jones was down 0.26% before closing the session at 33,045. S&P 500 shed 0.16% and closed at 3,991.
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.
CoStar | 405% higher than rolling average
CoStar Group, Inc. had a compelling day yesterday, with 9.52 million shares traded helping the company surpass its average daily volume by 405%.
The current year has not been the best for the information and analytics provider as it lost 6.77% from its highest point of $84.16. Pointing downwards for around a month. CoStar has lost 8.58% over the last 5 days.
SBA Communications | 320% above rolling average
Yesterday's trading volume was 2.64 million shares (surpassing the daily average by 320%).
The wireless infrastructure REIT has shed 22.67% over the past six months. SBA Communications's bearish run has lasted 14 days so far (-$35.3).
SBA Communications discloses 71 cents per share dividend to be paid on Thursday, December 15th
Public Storage | 182% above rolling average
Public Storage went down to $292.3 (2.21%), adding to its five days of losses. Public Storage hit a significant low of $271.27 around a month ago, but has since recovered 10.19%. Currently, the self-storage company has a market capitalization of $51.34 billion with an average daily trading volume of 1.13 million shares.
Yesterday's trading volume peaked at 2 million shares, thereby blitzing the daily average of 1.13 million by 182%.
— Average trading volume refers to a 21-day rolling average.