3 heavy volume stocks marlins surface despite calm waters yesterday

A busy day for Valvoline Inc., Sasol Limited, HollyFrontier Corp, being the prominent energy stocks displaying higher volumes than usual.

Here's an update with information from the last trading session: Markets completed a mixed session yesterday, as Dow Jones lost 0.66% and ended the session at 33,300. S&P 500 slipped 0.17% and closed at 4,130.62.

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 yesterday, several energy stocks were actively traded. Here's an update:

Valvoline | 264% above rolling average

Valvoline Inc. outpaced its average daily trading volume (1.79 million) with 4.71 million shares traded yesterday.

Valvoline hit a significant low of $25.05 around 6 months ago, but has since recovered 53.49%. The stock has been trending positively for about a month.

Sasol | 220% above rolling average

Sasol had a compelling day yesterday, with 622,506 shares traded helping the company surpass its average daily volume by 220%.

After hitting an important low of $11.88 approximately a day ago, the integrated energy and chemical company has bounced back 4.71% since. Pointing downwards for around a month.

HollyFrontier | 119% slightly above rolling average

With 4.78 million shares traded yesterday, HollyFrontier beat its daily average by 119% to cap off a frenetic trading day.

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