Duke Realty Corp, Healthcare Trust of America, Inc., VEREIT, Inc. and others reached higher-than-usual trading volumes.
Here's an update with information from the last trading session: Leading equity indices in the US rose as Dow Jones ended the session at 31,083 after a 2.47% gain. S&P 500 closed the day at 3,752.75, having gained 2.37%.
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 | 556% above rolling average Bullish mood lifts Duke Realty to session high of $49.26
With 41.77 million shares traded Friday, Duke Realty Corp beat its daily average by 556% to cap off a frenetic trading day. While Duke Realty was in the midst of a 6 day downtrend— in which it lost a total of 2.19%— a possible change of direction spotted from Friday; Duke Realty increases 0.48% to close at $48.2 Friday.
Duke Realty is now trading 19.32% below its 3-month high of $65.64. So far in 2022, it has performed better than the S&P by 3.04%. Duke Realty's market cap is currently $18.74 billion with an average daily trading volume of 7.52 million shares. Duke Realty's last revenue report was $280.15 million with an EPS of 27 cents.
HTA | 515% above rolling average Bullish phase under threat as HTA stays range-bound
Trading volume peaked at 64.62 million shares Friday, thereby obliterating the daily average of 12.56 million by 515%. While HTA is on a 5 day uptrend 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 volume of 12.56 million shares.
HTA is scheduled to announce earnings results Wednesday. The consensus EPS estimate is 0.1101 and the consensus revenue estimate is $200.64 million.
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.
The stock has been trending positively for about 11 months. VEREIT's market cap currently stands at $11.71 billion with an average daily trading volume of 5 million shares.
— Average trading volume refers to a 21-day rolling average.