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May 20, 2023Following yesterday's heightened trading volumes, CBRE Group Inc, Regency Centers Corp, STORE Capital Corporation were the standout stocks.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as Dow Jones slipped 0.33% and closed at 33,427. Nasdaq lost 0.24% and ended the session at 12,658.
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.
CBRE | 182% higher than rolling average
CBRE Group Inc is up 47 cents to $77.28, building upon four consecutive days of gains. Approximately 3 months ago, the US real estate bellwether reached a significant high of $89.51 but has struggled to hold onto its gains and declined 14.19% since then. The stock has been trending positively for about a month. CBRE is currently trading with a market cap of $24 billion with an average daily trading volume of 1.93 million shares.
CBRE Group had a compelling day yesterday, with 3.52 million shares traded helping the company surpass its average daily volume by 182%.
Regency Centers | 187% above rolling average
Trading volume peaked at 1.46 million shares yesterday, thereby obliterating the daily average of 778,204 by 187%.
The US REIT has shed 8.31% over the past three months. Over the last 3 days, Regency Centers has fallen 1.96%.
Regency Centers discloses 65 cents per share dividend to be paid on Wednesday, April 5th
STORE Capital Corporation | 157% higher than rolling average
Trading volume was 4 million shares yesterday — beating the daily average by a mammoth 157%.
— Average trading volume refers to a 21-day rolling average.
