SL Green Realty Corp., Hudson Pacific Properties, Inc., Boston Properties Inc had the highest volumes yesterday.
Here's an update with information from the last trading session: Markets had an interesting day yesterday; Nasdaq closed the day at 11,800, having gained 1%. S&P 500 ended the session at 3,948.72 after a 0.3% gain.
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:
SL Green | 381% above rolling average
SL Green Realty Corp. had a compelling day yesterday, with 6.89 million shares traded helping the company surpass its average daily volume by 381%.
Over the last 6 days, SL Green has fallen 42.76%.
SL Green discloses 27.1 cents per share dividend to be paid on Wednesday, March 15th
Hudson Pacific Properties, Inc. | 331% higher than rolling average
Having fallen $4.7 in 18 days, More of the same from yesterday's session: during yesterday's session, Hudson Pacific Properties, Inc. toiled and struggled for upward momentum before closing at $5.48. By the close, the the office-focused REIT suffered a 55 cents or 9.12% loss.
With 7.37 million shares traded yesterday, Hudson Pacific Properties, Inc. beat its daily average by 331% to cap off a frenetic trading day.
Boston Properties | 327% above rolling average
Yesterday's trading volume peaked at 4 million shares, thereby blitzing the daily average of 1.24 million by 327%.
Boston Properties's downtrend has seen it decline 28.39% in 6 days
Boston Properties discloses 98 cents per share dividend to be paid on Friday, December 30th
— Average trading volume refers to a 21-day rolling average.