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June 24, 2023
JBG SMITH Properties, Douglas Emmett, Inc., Hudson Pacific Properties, Inc. and others reached higher-than-usual trading volumes.
Here's an update with information from the last trading session: Leading equity indices in the US declined as S&P 500 lost 0.77% and ended the session at 4,348.33. Nasdaq was down 1% before closing the session at 13,500.
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.
JBG SMITH | 611% higher than rolling average
Yesterday's trading volume was 16.17 million shares (surpassing the daily average by 611%).
A day ago, the US REIT fell to a low of $13.58 but has since recovered 3.83%. Having fallen $1.63 in 12 days,
Douglas Emmett | 413% higher than rolling average
Douglas Emmett outpaced its average daily trading volume (5.42 million) with 22.40 million shares traded yesterday.
Having set a significant low of $10.27 a month ago, the class-A office buildings REIT is trading 17.23% higher. Having fallen 74 cents in 6 days,
Douglas Emmett discloses 19 cents per share dividend to be paid on Friday, April 14th
Hudson Pacific Properties, Inc. | 458% higher than rolling average
Having fallen 47 cents in 6 days, Yesterday's session continued down the same path: after ending Thursday at $4.41, Hudson Pacific Properties, Inc. dropped to $4.04 early in yesterday's session and closed at $4.08. In total, it lost 7.48%.
Trading volume was 24.35 million shares yesterday — beating the daily average by a mammoth 458%.
— Average trading volume refers to a 21-day rolling average.
