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May 22, 2023
Rexford Industrial Realty, Inc., STORE Capital Corporation, CBRE Group Inc and others reached higher-than-usual trading volumes.
Today's session summary: Markets completed a mixed session today while after dropping 0.42%, Dow Jones closed at 33,300. Nasdaq closed the day at 12,721, having gained 0.5%.
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.
While trading was mostly sideways today, several real_estate stocks were actively traded. Here's an update:
Rexford Industrial | 154% above rolling average
Rexford Industrial Realty, Inc. outpaced its average daily trading volume (1.62 million) with 2.50 million shares traded today.
The Californian industrial real estate firm is now trading 11.03% below its 3-month high of $68.46. Rexford Industrial is on a 9 day downtrend
Rexford Industrial discloses 38 cents per share dividend to be paid on Monday, April 17th
STORE Capital Corporation | 157% above rolling average
STORE Capital Corporation moves 0% to close at $32.21 today.
Today's trading volume peaked at 4 million shares, thereby blitzing the daily average of 2.61 million by 157%.
CBRE | 133% above rolling average
With 2.57 million shares traded today, CBRE Group beat its daily average by 133% to cap off a frenetic trading day.
Having soared to a high of $89.51 approximately 3 months ago, the US real estate bellwether is now trading 13.66% lower. The stock has been trending positively for about a month. CBRE has posted further gains as part of a 7 day trend that has already seen the stock gain $4.18.
— Average trading volume refers to a 21-day rolling average.
