The following large cap and over stocks (Kansas City Southern, Santander Consumer USA Holdings Inc., Duke Realty Corp) are reaching higher-than-usual volumes.
A short overview of the current market situation: The leading indices are showing gains — Nasdaq up to 11,167, gaining 1.96%. S&P 500 up 1.31%, trading at 3,847.17.
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 large cap and over stocks have high volumes. Take a look.
40.65 million traded volume exceeded the daily average by 217%: Kansas City Southern currently down 1.69% prior to afternoon session
A blockbuster trading session for Kansas City Southern, eclipsing its average daily volume by 217% and recording 40.65 million. After having ended yesterday at $298.64, Kansas City Southern is down to $293.59 today. Overall, a 1.69% move or $5.05.
9.81 million traded volume exceeded the daily average by 228%: Muted session so far for Santander Consumer USA as it oscillates around $41.6
A hectic day for Santander Consumer USA, surpassing its average daily volume by 228% to reach 9.81 million. Santander Consumer USA is trading at $41.6 after closing the previous day at $41.59.
Trading mostly sideways for 1 year, 4 months. So far in 2022, it has performed better than the Nasdaq by 43.58%. The company's market cap is $12.73 billion with an average daily volume of 4.31 million shares. Santander Consumer USA is forecasted to generate revenues of $1.93 billion and EPS of $1.4.
556% improvement: Duke Realty up 0.48%, trading around $48.2
Duke Realty is having an eventful day so far, currently at 41.77 million and outpacing its average daily volume by 556%. After closing the previous trading day at $47.97, Duke Realty is up to $48.2, which makes for a move of 0.48%/23 cents today.
— Average trading volume refers to a 21-day rolling average.