The highest volumes today go to: Shaw Communications Inc. and Spotify Technology S.A..
What is happening with the market now? The leading indices are currently lower — S&P 500 trades at 4,102.53 after losing 0.83%. Nasdaq slipping 1% and closing at 11,900.
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.
Though trading was down yesterday, some communication_services stocks are currently at high volumes. Here is an update.
Shaw Communications | 6.35 million traded volume so far today exceeding the daily average by 473%
Shaw Communications Inc. is having an eventful day so far, currently at 6.35 million and outpacing its average daily volume by 473%.
The Canadian telecoms provider is up 24.68% from the significant low of $24 it hit 6 months ago. The stock has been trending positively for about a month. Shaw Communications has posted further gains as part of a 17 day trend that has already seen the stock gain $1.58.
Shaw Communications discloses 7.2 cents per share dividend to be paid on Thursday, March 30th
Spotify | 5.26 million traded volume so far today exceeding the daily average by 447%
This year has been a bright one for the music streaming platform after trading as low as $71.05 and going on to appreciate by 60.5% year to date. The stock has been trending positively for about a month. The company has a market cap of $26.92 billion with an average daily volume of 1.18 million shares.
A hectic day for Spotify, surpassing its average daily volume by 447% to reach 5.26 million.
— Average trading volume refers to a 21-day rolling average.