STORE Capital Corporation, Jones Lang LaSalle Incorporated, Avalonbay Communities Inc led the pack during today's heightened trading volumes.
Today's session summary: Markets completed a mixed session today while Nasdaq closed at 12,037, a 0.29% change. Dow Jones ended the session at 33,875 after a 0.2% gain.
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:
STORE Capital Corporation | 157% higher than rolling average
With 4 million shares traded today, STORE Capital Corporation beat its daily average by 157% to cap off a frenetic trading day.
Jones Lang LaSalle | 145% higher than rolling average
Having fallen $5.94 in 5 days, Today's session continued down the same path: early in today's session, Jones Lang LaSalle dropped to $128.7 from $132.78 at the end of Friday, before closing at $129.49. During the session, it lost 2.48%.
Jones Lang LaSalle outpaced its average daily trading volume (298,701) with 434,347 shares traded today.
AvalonBay Communities | 134% above rolling average
Today's trading volume peaked at 1.18 million shares, thereby blitzing the daily average of 880,509 by 134%.
The apartment-focused REIT is now trading 12.5% above the significant low ($154.07) it slumped to a month ago. The stock has been trending positively for about a month. While AvalonBay Communities is on a 21 day uptrend
AvalonBay Communities discloses $1.65 per share dividend to be paid on Monday, April 17th
AvalonBay Communities is scheduled to announce earnings results Thursday. The consensus EPS estimate is 1.13 and the consensus revenue estimate is $668.89 million.
— Average trading volume refers to a 21-day rolling average.