The highest volumes for yesterday went to: Kansas City Southern, Santander Consumer USA Holdings Inc., Duke Realty Corp.
A quick recap of where the last trading session ended: Leading equity indices in the US rose as Dow Jones gained 1.02% and closed at 33,161. S&P 500 ended the session at 3,828 after a 0.56% gain.
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.
Price action was mostly bullish yesterday with some large cap and over stocks recording abnormally high trading volumes. Here's a recap:
Kansas City Southern | 217% higher than rolling average Bearish mood pushes Kansas City Southern to session low of $289.03
Trading volume peaked at 40.65 million shares yesterday, thereby obliterating the daily average of 18.69 million by 217%. After ending Monday at $298.64, Kansas City Southern fell to $293.59. Overall, a 1.69% move or $5.05 yesterday.
The stock has been trending positively for about 10 months. The company's market cap is $26.71 billion with an average daily volume of 18.69 million shares. Kansas City Southern has a forecast of $761.57 million with an EPS of $2.16.
Santander Consumer USA | 228% higher than rolling average Santander Consumer USA maintains composure within $41.51 to $41.73 range
With 9.81 million shares traded yesterday, Santander Consumer USA beat its daily average by 228% to cap off a frenetic trading day. Santander Consumer USA closed a flat day of trading at $41.6 yesterday after ending Monday at $41.59.
Duke Realty | 326% above rolling average After 10 sombre days of declines, Duke Realty was up 0.48% yesterday
Duke Realty outpaced its average daily trading volume (12.83 million) with 41.77 million shares traded yesterday. Duke Realty climbs 0.48% to close at $48.2 yesterday.
Duke Realty has shed 22.39% over the past three months. So far in 2022, it has performed better than the S&P 500 by 0.01%. The company has a market cap of $18.74 billion with an average daily trading volume of 12.83 million shares. $280.15 million was Duke Realty's last reported revenue with 27 cents being the current EPS.
— Average trading volume refers to a 21-day rolling average.