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March 02, 2023
Alexandria Real Estate Equities Inc, American Homes 4 Rent, Jones Lang LaSalle Incorporated 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 Nasdaq shed 0.66% and closed at 11,379. S&P 500 lost 0.47% and ended the session at 3,951.39.
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.
Alexandria Real Estate Equities | 206% higher than rolling average
Trading volume was 1.63 million shares yesterday — beating the daily average by a mammoth 206%.
Approximately 10 months ago, the biotech-focused REIT reached a significant high of $206.25 but has struggled to hold onto its gains and declined 27.38% since then. Alexandria Real Estate Equities has lost 16.34% over the last 19 days.
Alexandria Real Estate Equities discloses $1.21 per share dividend to be paid on Friday, January 13th
American Homes 4 Rent | 161% higher than rolling average
American Homes 4 Rent lost 64 cents today after closing yesterday at $31. It is currently trading below the $31 level for the first time in 7 weeks. American Homes 4 Rent's bearish run has lasted 12 days so far (-$3.55). More of the same from yesterday's session: early in yesterday's session, American Homes 4 Rent dropped to $30 from $31 at the end of Tuesday, before closing at $30.36. During the session, it lost 2.13%.
Yesterday's trading volume was 3.54 million shares (surpassing the daily average by 161%).
Jones Lang LaSalle | 148% higher than rolling average
The UK-founded real estate company is up 26.12% from the significant low of $138.33 it hit 3 months ago. The UK-founded real estate company's market cap currently stands at $8.32 billion with an average daily volume of 278,352 shares.
Jones Lang LaSalle outpaced its average daily trading volume (278,352) with 412,948 shares traded yesterday.
— Average trading volume refers to a 21-day rolling average.
