Take a look at the following real_estate stocks that showed higher volumes than usual: Extra Space Storage Inc, Life Storage, Inc., Public Storage.
A quick recap of where the last trading session ended: Markets completed a mixed session today, as Dow Jones ended the session at 33,600 after a 0.98% gain. S&P 500 closed the day at 4,124.51, having gained 0.37%.
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 sideways today, several real_estate stocks were actively traded. Here's an update:
Extra Space Storage | 1,200% higher than rolling average
Trading volume was 11.95 million shares today — beating the daily average by a mammoth 1,200%.
Having set a significant low of $141.04 2 months ago, the REIT is trading 15.52% higher.
Extra Space Storage discloses $1.5 per share dividend to be paid on Friday, December 30th
Life Storage | 995% above rolling average
Life Storage is up to $135.73 (3.54%), adding to its four consecutive days of gains. Life Storage hit a significant low of $95.23 around 2 months ago, but has since recovered 37.66%. Life Storage's market cap currently stands at $11.55 billion with an average daily trading volume of 1.14 million shares.
With 11.36 million shares traded today, Life Storage beat its daily average by 995% to cap off a frenetic trading day.
Public Storage | 294% above rolling average
Public Storage had a compelling day today, with 3.30 million shares traded helping the company surpass its average daily volume by 294%.
The storage-focused REIT has recovered 11.38% since descending to a significant low of $271.27 around 2 months ago. Public Storage has posted further gains as part of a 4 day trend that has already seen the stock gain $20.68.
Public Storage discloses $two per share dividend to be paid on Thursday, December 29th
— Average trading volume refers to a 21-day rolling average.