Kansas City Southern, Santander Consumer USA Holdings Inc., Duke Realty Corp and others reached higher-than-usual trading volumes.
A quick recap of where the last trading session ended: Markets were up yesterday; Dow Jones gained 1.31% and closed at 32,827. S&P 500 ended the session at 3,806.8 after a 0.96% 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 Yesterday's lacklustre sentiment ensured Kansas City Southern slid 1.69%
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 Friday at $298.64. 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 expected revenue of $761.57 million with an EPS of $2.16.
Santander Consumer USA | 228% above 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 Friday at $41.59.
Trading mostly sideways for 1 year, 4 months. So far in 2022, it has performed better than the Nasdaq by 49.31%. Santander Consumer USA is currently trading with a market cap of $12.73 billion with an average daily trading volume of 4.31 million shares. Santander Consumer USA has a forecast of $1.93 billion with an EPS of $1.4.
Duke Realty | 356% higher than rolling average End of a slump? After nine days of going down, Duke Realty up 0.48% yesterday
Trading volume peaked at 41.77 million shares yesterday, thereby obliterating the daily average of 11.74 million by 356%. Duke Realty rose 23 cents to close at $48.2 yesterday which makes for a move of 0.48%.
Duke Realty is now trading 22.39% below its 3-month high of $65.64. The S&P 500 has been doing worse in 2022, it has been passing it by 0.82%. The company has a market cap of $18.74 billion with an average daily volume of 11.74 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.