Duke Realty Corp, Healthcare Trust of America, Inc., VEREIT, Inc. had the highest volumes yesterday.
Here's an update with information from the last trading session: Leading equity indices in the US rose as S&P 500 ended the session at 3,678 after a 2.65% gain. Nasdaq gained 3.43% and closed at 10,676.
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 real estate stocks recording abnormally high trading volumes. Here's a recap:
Duke Realty | 577% higher than rolling average Duke Realty posts solid session with 0.48% gain; upside capped at $49.26
Trading volume peaked at 41.77 million shares yesterday, thereby obliterating the daily average of 7.24 million by 577%. Duke Realty is in the midst of a 5 day downtrend. a possible change of direction spotted from yesterday; Duke Realty rose 23 cents to close at $48.2 yesterday which makes for a move of 0.48%.
Duke Realty has shed 14.26% over the past three months. So far in 2022, it has performed better than the S&P 500 by 5.79%. The company has a market cap of $18.74 billion with an average daily trading volume of 7.24 million shares. Duke Realty last reported revenue of $280.15 million with an EPS of 27 cents.
HTA | 515% above rolling average HTA remains on-trend despite dull session
Trading volume peaked at 64.62 million shares yesterday, thereby obliterating the daily average of 12.56 million by 515%. While HTA is on a 5 day uptrend yesterday's session put the brakes on the ongoing uptrend — HTA moves 0.07% to close at $29.19 yesterday.
VEREIT | 162% higher than rolling average Pre-market trading leads VEREIT to drop to $50.3 (a 1.6% change) after ending yesterday at $51.12
VEREIT outpaced its average daily trading volume (5 million) with 8.15 million shares traded yesterday. VEREIT went down to $51.12, after ending Friday at $51.63. Overall, a 0.99% move or 51 cents yesterday.
— Average trading volume refers to a 21-day rolling average.