| 
May 25, 2023
Lamar Advertising Company (REIT), STORE Capital Corporation, AGNC Investment Corp. and others reached higher-than-usual trading volumes.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as Dow Jones closed at 32,800, a 0.77% change. S&P 500 slipped 0.73% and closed at 4,115.24.
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.
Lamar Advertising Company | 134% above rolling average
Lamar Advertising Company (REIT) went down to $89.18 (3.08%), adding to its six days of losses. Approximately 3 months ago, the outdoor advertising company reached a significant high of $111.21 but has struggled to hold onto its gains and declined 17.26% since then. Lamar Advertising Company has a market cap of $9.26 billion with an average daily volume of 447,011 shares.
With 598,843 shares traded yesterday, Lamar Advertising Company beat its daily average by 134% to cap off a frenetic trading day.
STORE Capital Corporation | 157% higher than rolling average
Yesterday's trading volume was 4 million shares (surpassing the daily average by 157%).
AGNC Investment | 161% above rolling average
AGNC Investment outpaced its average daily trading volume (9.88 million) with 15.94 million shares traded yesterday.
The internally-managed REIT has shed 19.84% over the past three months. Trending downwards for around a month. AGNC Investment's bearish run has lasted 5 days so far (-27 cents).
AGNC Investment discloses 12 cents per share dividend to be paid on Tuesday, May 9th
— Average trading volume refers to a 21-day rolling average.
