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

Sasol Limited, HollyFrontier Corp, Pembina Pipeline Corporation and others reached higher-than-usual trading volumes.

A recap of yesterday's session: Leading equity indices in the US declined as S&P 500 slipped 1.45% and closed at 3,861.59. Nasdaq was down 1.76% before closing the session at 11,139.

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.

Sasol | 145% above rolling average

Trading volume was 443,148 shares yesterday — beating the daily average by a mammoth 145%.

The chemicals company is up 0.73% from the significant low of $13.67 it hit a day ago. Pointing downwards for around a month.

HollyFrontier | 119% slightly greater than rolling average

Trading volume peaked at 4.78 million shares yesterday, thereby obliterating the daily average of 4 million by 119%.

The petroleum refineries company has fallen back around 2.54% from the significant high of $36.61 set 11 months ago. The stock has been trending positively for about a year.

Pembina Pipeline | 164% higher than rolling average

The storage infrastructure business plunged into the red after losing 1.44%, declining to $32.81.

Pembina Pipeline had a compelling day yesterday, with 1 million shares traded helping the company surpass its average daily volume by 164%.

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