Discover the highest volume stocks in today's falling market

Traders are flocking around HollyFrontier Corp, Cabot Oil & Gas Corp, Continental Resources, Inc. and others; check out these energy stocks that are displaying higher than typical trading volumes.

A short overview of the current market situation: The leading indices are falling — Dow Jones trades at 33,100 after losing 0.98%. S&P 500 slipping 1% and closing at 4,007.77.

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 energy stocks are currently at high volumes. Here is an update.

HollyFrontier | 119% improvement so far today

A blockbuster trading session for HollyFrontier Corp, eclipsing its average daily volume by 119% and recording 4.78 million.

The diversified energy company is currently trading 24.62% higher since its 12-month low of $29.34. The stock has been trending positively for about a year.

Cabot Oil & Gas Corp | 18.76 million traded volume so far today exceeding the daily average by 219%

A hectic day for Cabot Oil & Gas Corp, surpassing its average daily volume by 219% to reach 18.76 million.

The stock has been trending positively for about 1 year, 3 months.

Continental Resources hit a significant low of $55.02 around 9 months ago, but has since recovered 34.93%. The stock has been trending positively for about 5 months.

— Average trading volume refers to a 21-day rolling average.