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June 06, 2023
Park Hotels & Resorts Inc., STORE Capital Corporation, Duck Creek Technologies, Inc. had the highest volumes yesterday.
A recap of yesterday's session: Leading equity indices in the US declined as after dropping 0.59%, Dow Jones closed at 33,563. S&P 500 shed 0.2% and closed at 4,273.79.
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 yesterday, some real_estate stocks reached high volumes. Here is an update.
Park Hotels & Resorts | 165% above rolling average
Park Hotels & Resorts Inc. is up 5 cents to $13.79, building upon four consecutive days of gains. Park Hotels & Resorts hit a significant low of $11 around 2 months ago, but has since recovered 24.68%. The stock has been trending positively for about 2 months. Currently, the lodging real estate investment trust has a market capitalization of $3 billion with an average daily trading volume of 3.77 million shares.
Park Hotels & Resorts outpaced its average daily trading volume (3.77 million) with 6.22 million shares traded yesterday.
STORE Capital Corporation | 157% above rolling average
STORE Capital Corporation moves 0% to close at $32.21 yesterday.
STORE Capital Corporation outpaced its average daily trading volume (2.61 million) with 4 million shares traded yesterday.
Duck Creek Technologies | 103% slightly above rolling average
Trading volume was 1.87 million shares yesterday — beating the daily average by a mammoth 103%.
The insurance carrier enabler has appreciated 73.27% over the past six months. The stock has been trending positively for about 5 months. With around a month of flat trade under its belt,
— Average trading volume refers to a 21-day rolling average.
