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

The highest trading volumes during yesterday's session were recorded by: HollyFrontier Corp, Cabot Oil & Gas Corp, Eni S.p.A..

Here's an update with information from the last trading session: Leading equity indices in the US declined as Nasdaq slipped 0.85% and closed at 11,929. S&P 500 lost 0.41% and ended the session at 4,092.

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

Yesterday's trading volume was 4.78 million shares (surpassing the daily average by 119%).

Cabot Oil & Gas Corp | 219% above rolling average

Yesterday's trading volume peaked at 18.76 million shares, thereby blitzing the daily average of 8.56 million by 219%.

ENI | 131% slightly greater than rolling average

The multinational Italian "supermajor" is up 47.75% from the significant low of $20.44 it hit 6 months ago. ENI is currently trading with a market cap of $50.53 billion with an average daily volume of 431,434 shares.

With 566,046 shares traded yesterday, ENI beat its daily average by 131% to cap off a frenetic trading day.

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