Discover the stocks that enjoyed record volumes amid today's decline

HollyFrontier Corp, Cabot Oil & Gas Corp, Canadian Natural Resources Limited 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 after dropping 0.8%, Nasdaq closed at 12,060. S&P 500 lost 0.6% and ended the session at 4,129.79.

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 today, some energy stocks reached high volumes. Here is an update.

HollyFrontier | 119% slightly above rolling average

The company's market cap currently stands at $7.14 billion with an average daily volume of 4 million shares.

With 4.78 million shares traded today, HollyFrontier beat its daily average by 119% to cap off a frenetic trading day.

Cabot Oil & Gas Corp | 219% higher than rolling average

Cabot Oil & Gas Corp outpaced its average daily trading volume (8.56 million) with 18.76 million shares traded today.

Canadian Natural Resources | 160% higher than rolling average

Canadian Natural Resources outpaced its average daily trading volume (1.79 million) with 2.87 million shares traded today.

The Canadian oil & gas producer has managed to gain 16.68% so far this year despite trading at lows around $44.78 previously. The stock has been trending positively for about a month.

Canadian Natural Resources discloses 65.4 cents per share dividend to be paid on Wednesday, April 5th

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