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 closed higher yesterday; Dow Jones ended the session at 31,500 after a 1.34% gain. S&P 500 closed the day at 3,797.34, having gained 1.19%.
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 | 556% higher than rolling average Yesterday Duke Realty increased by 0.48%, ended the session at $48.2
Duke Realty Corp outpaced its average daily trading volume (7.52 million) with 41.77 million shares traded yesterday. Duke Realty is in the midst of a 6 day downtrend. a possible reversal detected from yesterday; Duke Realty rises 0.48% to close at $48.2 yesterday.
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%. While HTA is on a 5 day uptrend yesterday's session put the brakes on the ongoing uptrend — HTA moves 0.07% to close at $29.19 yesterday.
Having set a significant low of $24.36 3 months ago, HTA is trading 19.91% higher. The company has a market cap of $6.69 billion with an average daily trading volume of 12.56 million shares.
HTA is scheduled to announce earnings results tomorrow. The consensus EPS estimate is 0.1101 and the consensus revenue estimate is $200.64 million.
VEREIT | 162% higher than rolling average Pre-market trading leads VEREIT to drop to $50.3 (a 1.6% change) after ending yesterday at $51.12
Trading volume peaked at 8.15 million shares yesterday, thereby obliterating the daily average of 5 million by 162%. VEREIT went down to $51.12, after ending Friday at $51.63. Overall, a 0.99% move or 51 cents yesterday.
The stock has been trending positively for about 11 months. VEREIT's market cap is currently $11.71 billion with an average daily volume of 5 million shares.
— Average trading volume refers to a 21-day rolling average.