Calm waters present 3 heavy volume contenders in stocks

The highest volumes today go to: HollyFrontier Corp, Cabot Oil & Gas Corp, Continental Resources, Inc..

What is happening with the market now? Markets are mixed with Dow Jones trades at 32,969 after losing 0.37%. Nasdaq up to 13,027, gaining 0.4%.

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.

While trading was mostly flat Friday, some energy stocks are at high volumes. Check them out.

HollyFrontier | 4.78 million traded volume so far today exceeding the daily average by 119%

After closing the previous trading day at $35.68, HollyFrontier Corp is up to $36.39, which makes for a move of 2%/71 cents today.

HollyFrontier is having an eventful day so far, currently at 4.78 million and outpacing its average daily volume by 119%.

Cabot Oil & Gas Corp | eclipsing its average trading volume by 219%

A blockbuster trading session for Cabot Oil & Gas Corp, eclipsing its average daily volume by 219% and recording 18.76 million.

Continental Resources trades at $74.27, after ending Friday at $74.24.

— Average trading volume refers to a 21-day rolling average.