Shaw Communications Inc., Rogers Communications Inc., Roku, Inc. led the pack during Friday's heightened 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 33,274 after a 1.26% gain. S&P 500 closed the day at 4,109.31, having gained 1.44%.
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 communication_services stocks recording abnormally high trading volumes. Here's a recap:
Shaw Communications | 551% higher than rolling average
Friday's trading volume peaked at 5.12 million shares, thereby blitzing the daily average of 929,299 by 551%.
Shaw Communications discloses 7.4 cents per share dividend to be paid on Monday, February 27th
Rogers Communication | 312% higher than rolling average
The company's market cap currently stands at $23.45 billion with an average daily volume of 232,923 shares.
Trading volume peaked at 727,388 shares Friday, thereby obliterating the daily average of 232,923 by 312%.
Roku | 140% above rolling average
Trading volume peaked at 14.59 million shares Friday, thereby obliterating the daily average of 10.40 million by 140%.
— Average trading volume refers to a 21-day rolling average.