The highest volumes today go to: Phillips 66 Partners LP, HollyFrontier Corp, Cabot Oil & Gas Corp.
A quick recap: Markets are up including news that Dow Jones up to 29,319, gaining 0.27%. Nasdaq up to 10,456, gaining 0.28%.
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 up yesterday, some energy stocks have high volumes. Take a look.
Blitzed the average daily volume by 221%: Phillips 66 Partners climbs 1.89% to $42
A hectic day for Phillips 66 Partners LP, surpassing its average daily volume by 221% to reach 16.20 million. After closing the previous trading day at $41.23, Phillips 66 Partners is up to $42, which makes for a move of 1.89%/77 cents today.
4.78 million traded volume exceeded the daily average by 119%: Strong start to the session sees HollyFrontier peaking at $37.26
A blockbuster trading session for HollyFrontier, eclipsing its average daily volume by 119% and recording 4.78 million. After closing the previous trading day at $35.68, HollyFrontier is up to $36.39, which makes for a move of 2%/71 cents today.
7 months ago, HollyFrontier fell to a low of $29.34 but has since recovered 21.61%. So far in 2022, it has been outperforming the S&P 500 by 41.25%. HollyFrontier's market cap currently stands at $5.93 billion with an average daily trading volume of 4 million shares. HollyFrontier has a forecast of $4.12 billion with an EPS of 41.06 cents.
18.76 million traded volume exceeded the daily average by 219%: Slow start to the session for Cabot Oil & Gas Corp as it idles around $22.25
Cabot Oil & Gas Corp is having an eventful day so far, currently at 18.76 million and outpacing its average daily volume by 219%. Cabot Oil & Gas Corp trades at $22.25, after ending yesterday at $22.25.
Cabot Oil & Gas Corp is now trading 12.72% above the significant low ($19.74) it slumped to 10 months ago. The company's market cap is $8.89 billion with an average daily volume of 8.56 million shares.
— Average trading volume refers to a 21-day rolling average.