Opendoor Technologies Inc., Welltower Inc, KE Holdings Inc. had the highest volumes yesterday.
A quick recap of where the last trading session ended: Markets completed a mixed session yesterday, as Dow Jones was down 0.17% before closing the session at 33,619. Nasdaq gained 0.18% and closed at 12,257.
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.
While trading was mostly sideways yesterday, several real_estate stocks were actively traded. Here's an update:
Opendoor Technologies Inc | 224% above rolling average
Opendoor Technologies Inc. is up 26 cents to $2.05, building upon four consecutive days of gains. The online residential real estate company is now trading 77.65% below the significant high of $8 it set around 11 months ago. Opendoor Technologies Inc has a market cap of $1.33 billion with an average daily volume of 20.27 million shares.
With 45.33 million shares traded yesterday, Opendoor Technologies Inc beat its daily average by 224% to cap off a frenetic trading day.
Welltower | 207% higher than rolling average
Welltower had a compelling day yesterday, with 4.19 million shares traded helping the company surpass its average daily volume by 207%.
Welltower hit a significant low of $57.37 around 6 months ago, but has since recovered 37.28%. The stock has been trending positively for about a month.
Welltower discloses 61 cents per share dividend to be paid on Wednesday, March 8th
KE Holdings | 219% higher than rolling average
Yesterday's trading volume was 11.93 million shares (surpassing the daily average by 219%).
Over the past 2 months, the housing company has retreated 21.03% from a noteworthy peak of $20.3. Trending downwards for around a month. While KE Holdings is on a 5 day bullish trend,
— Average trading volume refers to a 21-day rolling average.