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April 22, 2023
Take a look at the following real_estate stocks that showed higher volumes than usual: UDR Inc, CBRE Group Inc, STORE Capital Corporation.
A quick recap of where the last trading session ended: Markets did not have a clear cut direction — Nasdaq closed 12,072 after a stable day. Dow Jones closed at 33,800 after a flat day.
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:
UDR Apartments | 189% higher than rolling average
Since its 52-week high of $59.45, the Maryland-based REIT has lost 30.09% over the last twelve months. The stock has been trending positively for about 29 days. The apartment REIT's market cap currently stands at $22.82 billion with an average daily volume of 2.26 million shares.
UDR Apartments outpaced its average daily trading volume (2.26 million) with 4.27 million shares traded yesterday.
CBRE Group | 128% slightly above rolling average
Trading volume peaked at 2.50 million shares yesterday, thereby obliterating the daily average of 1.96 million by 128%.
2 months ago the US real estate giant reached a significant high of $89.51 but has consequently lost 19.29% since then. Pointing downwards for around 2 months. Though in the midst of an 8 day uptrend, gaining a total of 2.89%, ($2.4),
STORE Capital Corporation | 157% above rolling average
With an average daily trading volume of 2.61 million shares.
With 4 million shares traded yesterday, STORE Capital Corporation beat its daily average by 157% to cap off a frenetic trading day.
— Average trading volume refers to a 21-day rolling average.
