Take a look at the following communication_services stocks: Shaw Communications Inc., Playtika Holding Corp., Rogers Communications Inc. and others showed higher volumes than usual.
A recap of yesterday's session: Markets did not have a clear cut direction — Dow Jones closed the day at 33,600, having gained 0.3%. S&P 500 closed 4,109 after a stable day.
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.
While trading was mostly sideways yesterday, several communication_services stocks were actively traded. Here's an update:
Shaw Communications | 473% higher than rolling average
Shaw Communications Inc. had a compelling day yesterday, with 6.35 million shares traded helping the company surpass its average daily volume by 473%.
After hitting an important low of $24 approximately 5 months ago, the Canadian telecoms provider has bounced back 24.68% since. The stock has been trending positively for about a month. Shaw Communications has posted further gains as part of a 17 day trend that has already seen the stock gain $1.58.
Shaw Communications discloses 7.2 cents per share dividend to be paid on Thursday, March 30th
Playtika | 296% higher than rolling average
Playtika has posted further gains as part of a 5 day trend that has already seen the stock gain 54 cents. Yesterday's session pointed in the same direction — Playtika recovered from the previous trading session's losses and went up to $11.91 yesterday after it traded lower at $11.38.
Playtika outpaced its average daily trading volume (1.42 million) with 4.21 million shares traded yesterday.
Rogers Communication | 144% higher than rolling average
Trading volume was 484,485 shares yesterday — beating the daily average by a mammoth 144%.
The past 6 months have been positive for the Canadian media company as it appreciated 31.14%, having traded as low as $37.05. Rogers Communication has posted further gains as part of a 5 day trend that has already seen the stock gain $1.82.
Rogers Communication discloses 36.2 cents per share dividend to be paid on Monday, April 3rd
— Average trading volume refers to a 21-day rolling average.