The highest trading volumes during yesterday's session were recorded by: Duck Creek Technologies, Inc., SL Green Realty Corp., Jones Lang LaSalle Incorporated.
Here's an update with information from the last trading session: Leading equity indices in the US rose as Nasdaq closed the day at 11,717, having gained 2.48%. S&P 500 ended the session at 3,960.28 after a 1.76% 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:
Duck Creek Technologies | 361% higher than rolling average
Yesterday's trading volume was 5.89 million shares (surpassing the daily average by 361%).
The insurance carrier enabler has managed to gain 51.88% so far this year despite trading at lows around $10.24 previously. The stock has been trending positively for about 2 months. With around a month of flat trade under its belt,
SL Green | 273% higher than rolling average
With 4.94 million shares traded yesterday, SL Green beat its daily average by 273% to cap off a frenetic trading day.
The real estate investment trust has lost 4.86% over the last 4 days. Pointing downwards for around a month. Having fallen $7.24 in 6 days,
SL Green discloses 27.1 cents per share dividend to be paid on Wednesday, March 15th
Jones Lang LaSalle | 260% above rolling average
Jones Lang LaSalle outpaced its average daily trading volume (274,744) with 713,306 shares traded yesterday.
The UK-founded real estate company has fallen back around 40.62% over the past 11 months, from a notable high of $246.06. On a negative trend for around a month. While Jones Lang LaSalle was in the midst of a 9 day downtrend— in which it lost a total of 15.13%—
— Average trading volume refers to a 21-day rolling average.