The following communication_services stocks (The Liberty SiriusXM Group, Tremor International Ltd, Sea Limited American) are reaching higher-than-usual volumes.
What is happening with the market now? The leading indices are slipping — Dow Jones trades at 32,300 after losing 1.55%. S&P 500 slipping 1.77% and closing at 3,921.
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.
The current year has not been the best for the US media company as it lost 26.31% from its highest point of $46.6. Pointing downwards for around a month. The company is currently trading with a market cap of $9.37 billion with an average daily trading volume of 1.71 million shares.
Tremor International | 220% higher than average
Tremor International is down 4.55% to $6.09, adding to its four days of losses. The video-first advertising technology platform has fallen back around 61.4% from the significant high of $16.53 set 11 months ago. Trending downwards for around a month. The company has a market cap of $435.72 million with an average daily volume of 110,040 shares.
Tremor International is having an eventful day so far, currently at 242,289 and outpacing its average daily volume by 220%.
The Singaporean internet company has managed to gain 50.64% so far this year despite trading at lows around $40.92 previously.
— Average trading volume refers to a 21-day rolling average.