The highest trading volumes during yesterday's session were recorded by: Douglas Emmett, Inc., Welltower Inc, Realty Income Corp.
Yesterday's session summary: Leading equity indices in the US declined as after dropping 0.68%, Nasdaq closed at 13,700. S&P 500 lost 0.37% and ended the session at 4,409.59.
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.
Douglas Emmett | 891% above rolling average
The class-A office buildings REIT has recovered 24.44% since descending to a significant low of $10.27 around a month ago. The stock has been trending positively for about a month. Douglas Emmett is currently trading with a market cap of $2.58 billion with an average daily trading volume of 4.14 million shares.
Yesterday's trading volume was 36.92 million shares (surpassing the daily average by 891%).
Welltower | 397% higher than rolling average
The past 3 months have been positive for the real estate investment trust (REIT) as it added 16.38% compared to its 3-month low of $57.37. The company has a market cap of $39.97 billion with an average daily volume of 2.93 million shares.
Trading volume was 11.64 million shares yesterday — beating the daily average by a mammoth 397%.
Realty Income | 389% higher than rolling average
Realty Income has posted further gains as part of a 16 day trend that has already seen the stock gain $2.79. It was more of the same for Realty Income yesterday — Realty Income increases 0.26% to close at $61.39 yesterday.
Realty Income outpaced its average daily trading volume (4.76 million) with 18.48 million shares traded yesterday.
— Average trading volume refers to a 21-day rolling average.