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March 16, 2023
Starwood Property Trust, Inc., SL Green Realty Corp., Boston Properties Inc led the pack during yesterday's heightened trading volumes.
Yesterday's session summary: Leading equity indices in the US declined as Dow Jones shed 0.87% and closed at 31,875. After dropping 0.7%, S&P 500 closed at 3,892.
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 yesterday, some real_estate stocks reached high volumes. Here is an update.
Starwood Property | 292% higher than rolling average
Yesterday's trading volume was 10 million shares (surpassing the daily average by 292%).
Starwood Property hit a significant low of $18.07 around 3 days ago, but has since recovered 0.77%. Starwood Property has lost 14.69% over the last 6 days.
Starwood Property discloses 48 cents per share dividend to be paid on Friday, January 13th
SL Green | 292% higher than rolling average
SL Green went down to $27.63 (1.32%), adding to its four days of losses. The real estate investment trust has lost 3.58% over the last 3 days. Trending downwards for around a month. The company has a market cap of $1.78 billion with an average daily trading volume of 1.81 million shares.
SL Green outpaced its average daily trading volume (1.81 million) with 5.29 million shares traded yesterday.
BXP | 288% above rolling average
Currently up $1.5 today, BXP is on course to break its three-day losing run. The US office property specialist has lost 4.32% over the last 3 days. On a negative trend for around a month. Currently, the US office property specialist has a market capitalization of $8.61 billion with an average daily volume of 1.24 million shares.
Trading volume was 3.58 million shares yesterday — beating the daily average by a mammoth 288%.
— Average trading volume refers to a 21-day rolling average.
