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: Markets were up Friday; Dow Jones ended the session at 32,400 after a 1.26% gain. S&P 500 closed the day at 3,770.55, having gained 1.36%.
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 | 356% higher than rolling average Friday Duke Realty increased by 0.48%, ended the session at $48.2
With 41.77 million shares traded Friday, Duke Realty Corp beat its daily average by 356% to cap off a frenetic trading day. After 15 days of level trading, Duke Realty went up. Friday's session shows improvement: Duke Realty goes up 0.48% to close at $48.2 Friday.
HTA | 515% above 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. In the midst of a 5 day bullish trend, Friday's session put the brakes on the ongoing uptrend — HTA moves 0.07% to close at $29.19 Friday.
HTA is up 19.91% from the significant low of $24.36 it hit 3 months ago. The company has a market cap of $6.69 billion with an average daily trading volume of 12.56 million shares. HTA is forecasted to generate revenues of $200.64 million and EPS of 11.01 cents.
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. After ending Thursday at $51.63, VEREIT fell to $51.12. Overall, a 0.99% move or 51 cents Friday.
— Average trading volume refers to a 21-day rolling average.