Take a look at the following real_estate stocks: American Homes 4 Rent, VICI Properties Inc., Medical Properties Trust, Inc. and others showed higher volumes than usual.
A recap of yesterday's session: Leading equity indices in the US declined as after dropping 1.69%, Nasdaq closed at 11,400. Dow Jones closed at 32,817, a 1.02% change.
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.
American Homes 4 Rent | 177% higher than rolling average
American Homes 4 Rent hit a significant low of $29.63 around a month ago, but has since recovered 10.9%. The company has a market cap of $12.76 billion with an average daily volume of 1.99 million shares.
Yesterday's trading volume peaked at 3.52 million shares, thereby blitzing the daily average of 1.99 million by 177%.
VICI Properties | 239% higher than rolling average
VICI Properties's bearish run has lasted 14 days so far (-$1.17). Yesterday's session continued down the same path: despite the risk-off mood, VICI Properties was range-bound between $33.04 to $34.17 and settled at $33.29.
VICI Properties outpaced its average daily trading volume (4.50 million) with 10.75 million shares traded yesterday.
Medical Properties Trust | 152% above rolling average
Yesterday's trading volume peaked at 24.48 million shares, thereby blitzing the daily average of 16.16 million by 152%.
The healthcare facility REIT has fallen back around 48.28% from the significant high of $21.54 set 10 months ago. Medical Properties Trust's bearish run has lasted 7 days so far (-$1.98).
Medical Properties Trust discloses 29 cents per share dividend to be paid on Thursday, January 12th
Following the release of quarterly results, Medical Properties Trust trades at $10.55.
— Average trading volume refers to a 21-day rolling average.