Take a look at the following real_estate stocks that showed higher volumes than usual: Rexford Industrial Realty, Inc., Extra Space Storage Inc, STORE Capital Corporation.
Here's an update with information from the last trading session: Markets were up today; Nasdaq closed the day at 12,166, having gained 2%. Dow Jones gained 1.14% and closed at 34,030.
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 today with some real_estate stocks recording abnormally high trading volumes. Here's a recap:
Rexford Industrial | 241% higher than rolling average
Rexford Industrial Realty, Inc. outpaced its average daily trading volume (1.30 million) with 3.14 million shares traded today.
The Californian industrial real estate firm has fallen back around 32.52% from the significant high of $83.86 set 11 months ago. Rexford Industrial's downtrend has seen it decline 7.61% in 8 days
Rexford Industrial's board sets quarterly dividend of 38 cents per share to be paid on Monday, April 17th; annual dividend yield esimated at 2.76%.
Extra Space Storage | 105% slightly greater than rolling average
Today's trading volume was 2 million shares (surpassing the daily average by 105%).
Extra Space Storage hit a significant low of $141.04 around 3 months ago, but has since recovered 15.87%.
Extra Space Storage discloses $1.62 per share dividend to be paid on Friday, March 31st
STORE Capital Corporation | 157% higher than rolling average
STORE Capital Corporation moves 0% to close at $32.21 today.
STORE Capital Corporation outpaced its average daily trading volume (2.61 million) with 4 million shares traded today.
— Average trading volume refers to a 21-day rolling average.