Duke Realty Corp, Hudson Pacific Properties, Inc., Opendoor Technologies Inc. and others reached higher-than-usual trading volumes.
Here's an update with information from the last trading session: Markets did not have a clear cut direction — Dow Jones gained 0.28% and closed at 32,850. S&P 500 closed 3,821.62 after a stable day.
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 sideways yesterday, several real estate stocks were actively traded. Here's an update:
Currently up 23 cents today, Duke Realty Corp is on course to break its 13-day losing run. Over the past 11 months, the US-based industrial REIT has retreated 26.92% from a noteworthy peak of $65.64. Pointing downwards for around 3 months. Duke Realty's market cap is currently $18.56 billion
Hudson Pacific Properties, Inc. | 178% higher than rolling average
Hudson Pacific Properties, Inc. is on a 4 day downtrend With a marginal improvement upon yesterday's session, a quiet day for Hudson Pacific Properties, Inc. as it remained range-bound within a $9.54 – $9.72 range before closing at $9.65.
Hudson Pacific Properties, Inc. outpaced its average daily trading volume (2.37 million) with 4.21 million shares traded yesterday.
Opendoor Technologies Inc | 172% above rolling average
Trading volume was 35.39 million shares yesterday — beating the daily average by a mammoth 172%.
Opendoor Technologies Inc hit a significant low of $1.26 around a day ago, but has since recovered 5.56%.
— Average trading volume refers to a 21-day rolling average.