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April 10, 2023
The following communication_services stocks (Shaw Communications Inc. and AMC Entertainment Holdings, Inc.) are reaching higher-than-usual volumes.
A quick recap: Markets are mixed with Nasdaq drawing back 0.27% to 12,056. Dow Jones up to 33,538, gaining 0.16%.
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 Thursday, some communication_services stocks are at high volumes. Check them out.
Shaw Communications | eclipsing its average trading volume by 473%
A hectic day for Shaw Communications Inc., surpassing its average daily volume by 473% to reach 6.35 million.
Having set a significant low of $24 5 months ago, the Canadian ISP is trading 24.68% higher. 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
AMC Entertainment | 39.90 million traded volume so far today exceeding the daily average by 114%
A blockbuster trading session for AMC Entertainment, eclipsing its average daily volume by 114% and recording 39.90 million.
The theatre company has fallen back around 80.75% from the significant high of $25.46 set 7 months ago. AMC Entertainment has posted further gains as part of a 3 day trend that has already seen the stock gain 99 cents.
— Average trading volume refers to a 21-day rolling average.
