3 heavy volume stocks marlins surface despite calm waters yesterday

Take a look at the following energy stocks that showed higher volumes than usual: Imperial Oil Limited, HollyFrontier Corp, Canadian Natural Resources Limited.

Yesterday's session summary: Markets completed a mixed session yesterday while Nasdaq ended the session at 12,700 after a 1.71% gain. S&P 500 closed the day at 4,151.28, having gained 0.88%.

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:

Imperial Oil | 195% higher than rolling average

Trading volume was 1.17 million shares yesterday — beating the daily average by a mammoth 195%.

The Canadian petroleum company has shed 18.06% over the past six months.

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.

Canadian Natural Resources | 200% above rolling average

Yesterday's trading volume was 3.81 million shares (surpassing the daily average by 200%).

Canadian Natural Resources hit a significant low of $44.78 around 7 months ago, but has since recovered 27.15%. Trending downwards for around a month.

Canadian Natural Resources discloses 65.4 cents per share dividend to be paid on Wednesday, April 5th

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