The following large cap and over stocks experienced higher volumes than usual including Duke Realty Corp, Abiomed, NovoCure Limited and others.
A quick recap of where the last trading session ended: Leading equity indices in the US rose as Dow Jones closed the day at 33,631, having gained 2.13%. S&P 500 gained 2.28% and closed at 3,895.
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:
Over the past 4 months, the US-based industrial REIT has retreated 26.6% from a noteworthy peak of $65.35. Pointing downwards for around 3 months. Duke Realty's market cap is currently $18.74 billion
Abiomed | 793% higher than rolling average
Friday's trading volume peaked at 15.70 million shares, thereby blitzing the daily average of 1.98 million by 793%.
The past 3 months have been positive for the medtech company as it added 48.2% compared to its 3-month low of $224.73. The stock has been trending positively for about 3 months.
NovoCure | 235% above rolling average
Trading volume peaked at 3 million shares Friday, thereby obliterating the daily average of 1.28 million by 235%.
The proprietor of TTFields therapy has gained 52.89% since its lowest print of $56.6 earlier this year.
— Average trading volume refers to a 21-day rolling average.