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

HollyFrontier Corp, Cabot Oil & Gas Corp, Energy Transfer LP led the pack during yesterday's heightened trading volumes.

Here's an update with information from the last trading session: Leading equity indices in the US declined as Nasdaq was down 1.21% before closing the session at 13,500. S&P 500 lost 0.52% and ended the session at 4,365.69.

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.

HollyFrontier | 119% slightly greater than rolling average

Trading volume was 4.78 million shares yesterday — beating the daily average by a mammoth 119%.

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

Cabot Oil & Gas Corp moves 0% to close at $22.25 yesterday.

Yesterday's trading volume was 18.76 million shares (surpassing the daily average by 219%).

Energy Transfer | 129% slightly above rolling average

Energy Transfer hit a significant low of $9.54 around 11 months ago, but has since recovered 33.65%. The stock has been trending positively for about 2 months. Energy Transfer has a market cap of $40.15 billion with an average daily trading volume of 9.35 million shares.

Energy Transfer outpaced its average daily trading volume (9.35 million) with 12 million shares traded yesterday.

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