Americold Realty Trust, STORE Capital Corporation, Rayonier Inc. led the pack during yesterday's heightened trading volumes.
Here's an update with information from the last trading session: Leading equity indices in the US declined as Nasdaq lost 0.85% and ended the session at 11,929. S&P 500 shed 0.41% and closed at 4,092.
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.
Americold Realty Trust | 144% above rolling average
Trading volume peaked at 2.44 million shares yesterday, thereby obliterating the daily average of 1.70 million by 144%.
Americold Realty Trust hit a significant low of $22.11 around 5 months ago, but has since recovered 26.46%. Signs of life: 8 days of level trading might be coming to an end with a gain of 0.562% today
Americold Realty Trust's board sets quarterly dividend of 22 cents per share to be paid on Friday, April 14th; annual dividend yield esimated at 3.11%.
STORE Capital Corporation | 157% above rolling average
With an average daily trading volume of 2.61 million shares.
Trading volume was 4 million shares yesterday — beating the daily average by a mammoth 157%.
Rayonier | 120% slightly greater than rolling average
Approximately 11 months ago, the timberland real estate investment trust reached a significant high of $45.44 but has struggled to hold onto its gains and declined 26.78% since then. The timberland real estate investment trust's market cap currently stands at $4.85 billion with an average daily volume of 490,591 shares.
Rayonier outpaced its average daily trading volume (490,591) with 586,766 shares traded yesterday.
— Average trading volume refers to a 21-day rolling average.