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March 11, 2023
Take a look at the following real_estate stocks that showed higher volumes than usual: Cousins Properties Incorporated, Alexandria Real Estate Equities Inc, Duck Creek Technologies, Inc..
Here's an update with information from the last trading session: Leading equity indices in the US declined as S&P 500 lost 1.45% and ended the session at 3,861.59. After dropping 1.76%, Nasdaq closed at 11,139.
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.
Cousins Properties | 424% above rolling average
A day ago, the property company fell to a low of $21.96 but has since recovered 8.47%. Trending downwards for around a month. Currently, the residential and commercial property market company has a market capitalization of $3.33 billion with an average daily volume of 1.52 million shares.
Cousins Properties outpaced its average daily trading volume (1.52 million) with 6.43 million shares traded yesterday.
Alexandria Real Estate Equities | 316% higher than rolling average
Yesterday's trading volume peaked at 3.11 million shares, thereby blitzing the daily average of 981,939 by 316%.
The biotech-focused REIT is now trading 9.5% above the significant low ($126.8) it slumped to a day ago. Pointing downwards for around a month. Alexandria Real Estate Equities's downtrend has seen it decline 12.15% in 3 days
Alexandria Real Estate Equities discloses $1.21 per share dividend to be paid on Friday, January 13th
Duck Creek Technologies | 351% above rolling average
With around a month of flat trade under its belt, Pointing in a similar direction, yesterday's session was more of the same — after ending yesterday at $18.92, the insurance carrier enabler recovers back to $18.9 after dipping down to $18.8 earlier today.
Trading volume was 5.67 million shares yesterday — beating the daily average by a mammoth 351%.
— Average trading volume refers to a 21-day rolling average.
