Traders are flocking around Continental Resources, Inc. & Charter and others; check out these large cap and over stocks that are displaying higher than typical trading volumes.
Here's the most recent update: The leading indices are pointing up — S&P 500 up to 4,041.64, gaining 0.55%. Dow Jones up to 34,260, gaining 0.44%.
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.
Slow start to the session for Continental Resources as it idles around $74.27
Continental Resources, Inc. trades at $74.27, after ending yesterday at $74.24.
Continental Resources hit a significant low of $42.69 around 11 months ago, but has since recovered 73.9%. The Nasdaq has been doing worse in 2022, it has been passing it by 101.45%. Continental Resources's market cap is currently $26.96 billion with an average daily volume of 3.90 million shares. Continental Resources last reported revenue of $2.45 billion with an EPS of $2.88.
136% improvement: Charter posts record daily loss after shedding 11.1%
A hectic day for Charter, surpassing its average daily volume by 136% to reach 1.53 million. Charter is down to $349.09, after ending yesterday at $392.68. Overall, a 11.1% loss or $43.59 today.
Charter hit a significant low of $303.35 around 2 months ago, but has since recovered 29.45%. So far in 2022, it has been outperforming the Nasdaq by 1.29%. The company has a market cap of $54.34 billion with an average daily trading volume of 1.12 million shares. Charter is forecasted to generate revenues of $13.67 billion and EPS of $8.23.
— Average trading volume refers to a 21-day rolling average.