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June 19, 2023
Cheniere Energy Partners, L.P., Western Midstream Partners, LP, MPLX LP led the pack during Friday's heightened trading volumes.
Friday's session summary: Leading equity indices in the US declined as Nasdaq was down 0.68% before closing the session at 13,700. S&P 500 closed at 4,409.59, a 0.37% change.
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.
Though trading was down Friday, some energy stocks reached high volumes. Here is an update.
Cheniere Energy Partners | 336% higher than rolling average
Cheniere Energy Partners, L.P. is up $1.25 to $47.07, building upon five consecutive days of gains. Over the past 6 months, the LNG provider has retreated 26.19% from a noteworthy peak of $62.08. Trading mostly sideways for 2 months. The company is currently trading with a market cap of $22.78 billion with an average daily volume of 177,366 shares.
Cheniere Energy Partners outpaced its average daily trading volume (177,366) with 595,751 shares traded Friday.
Western Midstream | 294% higher than rolling average
Western Midstream outpaced its average daily trading volume (959,026) with 2.82 million shares traded Friday.
The past 3 months have been positive for the natural gas distributor as it added 7.28% compared to its 3-month low of $22.54. The stock has been trending positively for about 2 months.
Western Midstream discloses 85.6 cents per share dividend to be paid on Monday, May 15th
MPLX | 339% higher than rolling average
After ending Thursday's session at $33.9, MPLX went up to $34.33 Friday only to fall back and close at $34.07.
MPLX outpaced its average daily trading volume (1.76 million) with 5.96 million shares traded Friday.
— Average trading volume refers to a 21-day rolling average.
