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May 03, 2023
Eni S.p.A., BP, Diamondback Energy Inc and others reached higher-than-usual trading volumes.
A recap of yesterday's session: Leading equity indices in the US declined as Dow Jones lost 1.08% and ended the session at 33,700. S&P 500 was down 1.16% before closing the session at 4,119.58.
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 reached high volumes. Here is an update.
ENI | 298% above rolling average
Eni S.p.A. had a compelling day yesterday, with 1 million shares traded helping the company surpass its average daily volume by 298%.
ENI hit a significant low of $20.44 around 7 months ago, but has since recovered 47.11%.
ENI discloses 46.6 cents per share dividend to be paid on Friday, April 7th
ENI trades at $29.06 ahead of quarterly performance report which is scheduled to be released Friday.
ENI | 298% above rolling average
Eni S.p.A. had a compelling day yesterday, with 1 million shares traded helping the company surpass its average daily volume by 298%.
ENI hit a significant low of $20.44 around 7 months ago, but has since recovered 47.11%.
ENI discloses 46.6 cents per share dividend to be paid on Friday, April 7th
ENI trades at $29.06 ahead of quarterly performance report which is scheduled to be released Friday.
ENI | 298% above rolling average
Eni S.p.A. had a compelling day yesterday, with 1 million shares traded helping the company surpass its average daily volume by 298%.
ENI hit a significant low of $20.44 around 7 months ago, but has since recovered 47.11%.
ENI discloses 46.6 cents per share dividend to be paid on Friday, April 7th
ENI trades at $29.06 ahead of quarterly performance report which is scheduled to be released Friday.
— Average trading volume refers to a 21-day rolling average.
