Take a look at the following real estate stocks: Duke Realty Corp, Healthcare Trust of America, Inc., VEREIT, Inc. and others showed higher volumes than usual.
Friday's session summary: Leading equity indices in the US rose as Dow Jones closed the day at 32,862, having gained 2.59%. S&P 500 closed the day at 3,901, having gained 2.46%.
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 real estate stocks recording abnormally high trading volumes. Here's a recap:
Duke Realty | 444% above rolling average Duke Realty levels up 0.48% in Friday's session; traders eye opening bell in a day time
Friday's trading volume peaked at 41.77 million shares, thereby blitzing the daily average of 9.41 million by 444%. Positive signs: after 11 days of being mostly flat Friday's session shows improvement: Duke Realty goes up 0.48% to close at $48.2 Friday.
HTA | 515% higher than rolling average HTA remains on-trend despite dull session
With 64.62 million shares traded Friday, HTA beat its daily average by 515% to cap off a frenetic trading day. Stable at $29.19 and still trending upwards, Friday's session put the brakes on the ongoing uptrend — HTA moves 0.07% to close at $29.19 Friday.
Having set a significant high of $34.72 3 months ago, HTA is trading 19.91% lower. The company has a market cap of $6.69 billion with an average daily trading volume of 12.56 million shares.
VEREIT | 162% above rolling average Pre-market trading leads VEREIT to drop to $50.3 (a 1.6% change) after ending Friday at $51.12
VEREIT outpaced its average daily trading volume (5 million) with 8.15 million shares traded Friday. VEREIT went down to $51.12, after ending Thursday at $51.63. Overall, a 0.99% move or 51 cents Friday.
— Average trading volume refers to a 21-day rolling average.