Kansas City Southern, Santander Consumer USA Holdings Inc., Duke Realty Corp and others reached higher-than-usual trading volumes.
A recap of yesterday's session: Leading equity indices in the US rose as S&P 500 closed the day at 3,956.37, having gained 5.54%. Dow Jones ended the session at 33,700 after a 3.7% 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 Risk-off sentiment pushes Kansas City Southern to 1.69% loss yesterday
Kansas City Southern outpaced its average daily trading volume (18.69 million) with 40.65 million shares traded yesterday. Kansas City Southern went down to $293.59, after ending Wednesday at $298.64. Overall, a 1.69% move or $5.05 yesterday.
The stock has been trending positively for about 10 months. The company has a market cap of $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
Yesterday's trading volume peaked at 9.81 million shares, thereby blitzing the daily average of 4.31 million by 228%. Santander Consumer USA closed a flat day of trading at $41.6 yesterday after ending Wednesday at $41.59.
Trading mostly sideways for 1 year, 4 months. The Nasdaq has been doing worse in 2022, it has been passing it by 44.6%. The company's market cap is $12.73 billion with an average daily volume of 4.31 million shares. Santander Consumer USA expected revenue of $1.93 billion with an EPS of $1.4.
Duke Realty | 265% above rolling average End of a slump? After 12 days of going down, Duke Realty up 0.48% yesterday
Duke Realty outpaced its average daily trading volume (15.74 million) with 41.77 million shares traded yesterday. Duke Realty rose 23 cents to close at $48.2 yesterday which makes for a move of 0.48%.
Duke Realty has shed 24.17% over the past three months. So far in 2022, it has been doing worse than the S&P by 3%. Duke Realty is currently trading with a market cap of $18.74 billion with an average daily trading volume of 15.74 million shares. Duke Realty last reported revenue of $280.15 million with an EPS of 27 cents.
— Average trading volume refers to a 21-day rolling average.