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February 22, 2023
The highest trading volumes during yesterday's session were recorded by: Abiomed, Fresenius Medical Care AG & Co. KGaA, Grifols, S.A..
A quick recap of where the last trading session ended: Leading equity indices in the US declined as Dow Jones was down 2.06% before closing the session at 33,130. S&P 500 closed at 3,997.34, a 2% 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 healthcare stocks reached high volumes. Here is an update.
Abiomed | 506% higher than rolling average
Trading volume was 15.70 million shares yesterday — beating the daily average by a mammoth 506%.
The stock has been trending positively for about a month.
Fresenius Medical Care | 411% above rolling average
Fresenius Medical Care is up to $20.67 (3.45%), adding to its four consecutive days of gains. The US-German healthcare company has gained 29.57% since its lowest print of $12.81 earlier this year. The stock has been trending positively for about 2 months. Fresenius Medical Care's market cap is currently $12.13 billion with an average daily trading volume of 890,546 shares.
Yesterday's trading volume was 3.66 million shares (surpassing the daily average by 411%).
Grifols | 281% above rolling average
Grifols hit a significant low of $5.95 around 4 months ago, but has since recovered 73.45%. Grifols is currently trading with a market cap of $8.44 billion with an average daily volume of 970,918 shares.
Trading volume was 2.72 million shares yesterday — beating the daily average by a mammoth 281%.
— Average trading volume refers to a 21-day rolling average.
