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June 15, 2023
The highest trading volumes during yesterday's session were recorded by: Abiomed, UnitedHealth, Signify Health, Inc..
Yesterday's session summary: Markets completed a mixed session yesterday while Dow Jones lost 0.68% and ended the session at 33,979. Nasdaq closed the day at 13,626, having gained 0.39%.
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 yesterday, several healthcare stocks were actively traded. Here's an update:
Abiomed | 506% above rolling average
The stock has been trending positively for about 4 months. The medtech company's market cap currently stands at $17.18 billion with an average daily volume of 3.10 million shares.
Abiomed outpaced its average daily trading volume (3.10 million) with 15.70 million shares traded yesterday.
UnitedHealth | 412% above rolling average
UnitedHealth outpaced its average daily trading volume (3.54 million) with 14.60 million shares traded yesterday.
The healthcare services provider traded as high as $555.15 before shedding 13.78% lower over the past six months. Trending downwards for around 2 months. UnitedHealth's bearish run has lasted 4 days so far (-$2.31).
UnitedHealth discloses $1.65 per share dividend to be paid on Tuesday, March 21st
Signify Health | 261% above rolling average
Signify Health outpaced its average daily trading volume (3.69 million) with 9.63 million shares traded yesterday.
Signify Health has gained 155.19% over the past year, moving away from its yearly lows around $11.96. The stock has been trending positively for about 11 months. With around a month of flat trade under its belt,
— Average trading volume refers to a 21-day rolling average.
