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

Cheniere Energy, Inc., Marathon Petroleum Corp, Baker Hughes Co and others reached higher-than-usual trading volumes.

A quick recap of where the last trading session ended: Leading equity indices in the US declined as S&P 500 was down 0.61% before closing the session at 4,179.83. After dropping 0.63%, Nasdaq closed at 12,935.

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.

Cheniere Energy | 270% higher than rolling average

Having soared to a high of $179.86 approximately 6 months ago, the liquefied natural gas exporter is now trading 23.41% lower. Pointing downwards for around 2 months. The liquefied natural gas exporter's market cap currently stands at $34 billion with an average daily volume of 1.68 million shares.

Cheniere Energy had a compelling day yesterday, with 4.55 million shares traded helping the company surpass its average daily volume by 270%.

Marathon Petroleum | 221% higher than rolling average

Marathon Petroleum went down to $104.91 (2.67%), adding to its five days of losses. A month ago the petroleum refiner reached a significant high of $135.64 but has consequently lost 20.53% since then. On a negative trend for around a month. The company's market cap currently stands at $45.11 billion with an average daily trading volume of 4.69 million shares.

Yesterday's trading volume was 10.38 million shares (surpassing the daily average by 221%).

Baker Hughes | 202% above rolling average

With 14.76 million shares traded yesterday, Baker Hughes beat its daily average by 202% to cap off a frenetic trading day.

The industrial service company has shed 10.75% over the past three months. Pointing downwards for around a month.

Baker Hughes's board sets quarterly dividend of 19 cents per share to be paid on Friday, June 9th; annual dividend yield esimated at 2.79%.

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