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February 22, 2023
The highest trading volumes during yesterday's session were recorded by: Iron Mountain Inc, Public Storage, STORE Capital Corporation.
Here's an update with information from the last trading session: Leading equity indices in the US declined as Dow Jones was down 2.06% before closing the session at 33,130. After dropping 2%, S&P 500 closed at 3,997.34.
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.
Iron Mountain | 179% above rolling average
Trading volume was 2.61 million shares yesterday — beating the daily average by a mammoth 179%.
Iron Mountain hit a significant low of $42.24 around 11 months ago, but has since recovered 24.53%. Over the last 13 days, Iron Mountain has fallen 10.52%.
Iron Mountain discloses 61.8 cents per share dividend to be paid on Thursday, January 5th
Iron Mountain is scheduled to announce earnings results tomorrow. The consensus EPS estimate is 0.89 and the consensus revenue estimate is $1.32 billion.
Public Storage | 130% slightly above rolling average
Public Storage had a compelling day yesterday, with 1.48 million shares traded helping the company surpass its average daily volume by 130%.
After hitting an important low of $271.27 approximately a month ago, the storage-focused REIT has bounced back 10.23% since. The stock has been trending positively for about a month. Following 8 days of flat trade,
Public Storage discloses $two per share dividend to be paid on Thursday, December 29th
STORE Capital Corporation | 157% higher than rolling average
STORE Capital Corporation moves 0% to close at $32.21 yesterday.
Trading volume was 4 million shares yesterday — beating the daily average by a mammoth 157%.
— Average trading volume refers to a 21-day rolling average.
