The highest volumes today go to: HollyFrontier Corp, Cabot Oil & Gas Corp, Continental Resources, Inc..
A short overview of the current market situation: The leading indices were losing ground — Dow Jones slipping 0.74% and closing at 33,778. S&P 500 trades at 4,123 after losing 0.56%.
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 | currently blitzing its average daily volume by 119%
HollyFrontier Corp is having an eventful day so far, currently at 4.78 million and outpacing its average daily volume by 119%.
Cabot Oil & Gas Corp | trading volume soars by 219%
A blockbuster trading session for Cabot Oil & Gas Corp, eclipsing its average daily volume by 219% and recording 18.76 million.
11 months ago, the oil exploration and production company fell to a low of $55.02 but has since recovered 34.93%. The stock has been trending positively for about 6 months.
— Average trading volume refers to a 21-day rolling average.