Duke Realty Corp, Healthcare Trust of America, Inc., VEREIT, Inc. and others reached higher-than-usual trading volumes.
A recap of yesterday's session: Markets had an interesting day yesterday; Dow Jones ended the session at 33,161 after a 1.02% gain. S&P 500 closed the day at 3,828, having gained 0.56%.
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 yesterday with some real estate stocks recording abnormally high trading volumes. Here's a recap:
Duke Realty | 326% above rolling average Duke Realty opened at $48.5 yesterday before posting solid session gaining 0.48%
Trading volume peaked at 41.77 million shares yesterday, thereby obliterating the daily average of 12.83 million by 326%. Positive signs: after 16 days of being mostly flat yesterday's session shows improvement: Duke Realty rose 23 cents to close at $48.2 yesterday which makes for a move of 0.48%.
HTA | 515% above rolling average Bullish phase under threat as HTA stays range-bound
Yesterday's trading volume peaked at 64.62 million shares, thereby blitzing the daily average of 12.56 million by 515%. In the midst of a 5 day bullish trend, yesterday's session put the brakes on the ongoing uptrend — HTA moves 0.07% to close at $29.19 yesterday.
Having set a significant high of $34.72 3 months ago, HTA is trading 19.91% lower. The company's market cap is $6.69 billion with an average daily volume of 12.56 million shares. HTA expected revenue of $200.64 million with an 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 yesterday at $51.12
VEREIT outpaced its average daily trading volume (5 million) with 8.15 million shares traded yesterday. VEREIT went down to $51.12, after ending Monday at $51.63. Overall, a 0.99% move or 51 cents yesterday.
The stock has been trending positively for about 11 months. The company has a market cap of $11.71 billion with an average daily trading volume of 5 million shares.
— Average trading volume refers to a 21-day rolling average.