The following large cap and over stocks experienced higher volumes than usual including Abiomed, VICI Properties Inc., Delta Air Lines, Inc. and others.
Here's an update with information from the last trading session: Markets closed higher Friday, as Nasdaq closed the day at 11,079, having gained 0.71%. S&P 500 gained 0.4% and closed at 3,999.
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 Friday with some large cap and over stocks recording abnormally high trading volumes. Here's a recap:
Abiomed | 793% above rolling average
Abiomed moves 0% to close at $381 Friday.
Friday's trading volume was 15.70 million shares (surpassing the daily average by 793%).
VICI Properties | 325% higher than rolling average
The NY-based casino REIT has gained 4.29% since its lowest print of $26.68 earlier this year. The casino REIT's market cap currently stands at $31.93 billion with an average daily volume of 6.41 million shares.
Friday's trading volume peaked at 20.85 million shares, thereby blitzing the daily average of 6.41 million by 325%.
Delta Air Lines | 255% higher than rolling average
Trading volume was 29.12 million shares Friday — beating the daily average by a mammoth 255%.
This year has been a bright one for the legacy US airline carrier after trading as low as $28 and going on to appreciate by 16.44% year to date.
— Average trading volume refers to a 21-day rolling average.