Following yesterday's heightened trading volumes, Starwood Property Trust, Inc., JBG SMITH Properties, SL Green Realty Corp. were the standout stocks.
Yesterday's session summary: Leading equity indices in the US declined as Dow Jones was down 1.19% before closing the session at 31,862. S&P 500 closed at 3,916.64, a 1.1% change.
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.
Starwood Property | 1,382% above rolling average
Yesterday's trading volume was 47.71 million shares (surpassing the daily average by 1,382%).
The real estate investment company has lost 4.32% over the last 5 days. Over the last 6 days, Starwood Property has fallen 18.58%.
Starwood Property discloses 48 cents per share dividend to be paid on Friday, January 13th
JBG SMITH | 772% higher than rolling average
JBG SMITH's bearish run has lasted 4 days so far (-$1.44). Yesterday's session continued the recent downtrend: during yesterday's session, JBG SMITH toiled and struggled for upward momentum before closing at $14.32. By the close, the the mixed-use property REIT suffered a 54 cents or 3.63% loss.
Trading volume was 13 million shares yesterday — beating the daily average by a mammoth 772%.
SL Green | 832% higher than rolling average
SL Green went down to $23.57 (10.35%), adding to its four days of losses. The US REIT has lost 9.47% over the last 5 days. Trending downwards for around a month. SL Green is currently trading with a market cap of $1.52 billion with an average daily volume of 1.81 million shares.
Yesterday's trading volume peaked at 15 million shares, thereby blitzing the daily average of 1.81 million by 832%.
— Average trading volume refers to a 21-day rolling average.