| 
April 15, 2023
Catalent Inc, Abiomed, Teva Pharmaceutical Industries Limited had the highest volumes yesterday.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as Dow Jones shed 0.42% and closed at 33,900. After dropping 0.35%, Nasdaq closed at 12,123.
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 healthcare stocks reached high volumes. Here is an update.
Catalent | 840% higher than rolling average
Yesterday's trading volume was 21.45 million shares (surpassing the daily average by 840%).
The pharmaceutical developer has fallen back around 44.32% over the past 10 months, from a notable high of $113.71. Catalent's bearish run has lasted 5 days so far (-$3.95).
Abiomed | 506% higher than rolling average
Yesterday's session put the brakes on the ongoing uptrend — Abiomed moves 0% to close at $381 yesterday.
Abiomed had a compelling day yesterday, with 15.70 million shares traded helping the company surpass its average daily volume by 506%.
Teva Pharmaceutical Industries | 320% above rolling average
Teva Pharmaceutical Industries went down to $8.29 (10.48%), adding to its four days of losses. The Israeli pharma developer is now trading 24.16% below its 3-month high of $11.37. The company is currently trading with a market cap of $9.21 billion with an average daily trading volume of 10.94 million shares.
Yesterday's trading volume peaked at 34.96 million shares, thereby blitzing the daily average of 10.94 million by 320%.
— Average trading volume refers to a 21-day rolling average.
