Following yesterday's heightened trading volumes, Alexandria Real Estate Equities Inc, Starwood Property Trust, Inc., Healthpeak Properties Inc were the standout stocks.
Here's an update with information from the last trading session: Markets completed a mixed session yesterday, as Nasdaq gained 0.45% and closed at 11,200. Dow Jones was down 0.28% before closing the session at 31,819.
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 real_estate stocks were actively traded. Here's an update:
Alexandria Real Estate Equities | 238% above rolling average
Having fallen $17.53 in 4 days, More of the same from yesterday's session: slightly down but mostly flat: Alexandria Real Estate Equities ranged between $125.58 and $129.9 before closing at $126.12.
Alexandria Real Estate Equities had a compelling day yesterday, with 2.57 million shares traded helping the company surpass its average daily volume by 238%.
Starwood Property | 226% higher than rolling average
With 7.81 million shares traded yesterday, Starwood Property beat its daily average by 226% to cap off a frenetic trading day.
Starwood Property hit a significant low of $18.07 around a day ago, but has since recovered 0.89%. Starwood Property has lost 12.11% over the last 6 days.
Starwood Property discloses 48 cents per share dividend to be paid on Friday, January 13th
Healthpeak | 222% above rolling average
With 10.60 million shares traded yesterday, Healthpeak Properties beat its daily average by 222% to cap off a frenetic trading day.
So far this year, the US REIT has declined 15.64% while touching highs around $35.4 earlier this year. On a negative trend for around a month. Healthpeak Properties is in the midst of a 7 day downtrend.
Healthpeak Properties discloses 30 cents per share dividend to be paid on Thursday, February 23rd
— Average trading volume refers to a 21-day rolling average.