| 
June 08, 2023
Rexford Industrial Realty, Inc., Federal Realty Investment Trust, Hudson Pacific Properties, Inc. and others reached higher-than-usual trading volumes.
A recap of yesterday's session: Markets completed a mixed session yesterday, as Nasdaq lost 1.29% and ended the session at 13,100. After dropping 0.38%, S&P 500 closed at 4,267.52.
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 real_estate stocks were actively traded. Here's an update:
Rexford Industrial | 143% above rolling average
Rexford Industrial Realty, Inc. dropped to $52.3, hitting its lowest point in 5 months. It later recovered $2.05 and closed higher at $54.35. Rexford Industrial has posted further gains as part of a 3 day trend that has already seen the stock gain 22 cents. Yesterday's session pointed in the same direction — Rexford Industrial rallied $1.37 (2.59%) deep into the session, closing at $54.35.
With 2.81 million shares traded yesterday, Rexford Industrial beat its daily average by 143% to cap off a frenetic trading day.
Federal Realty Investment Trust | 173% higher than rolling average
Federal Realty Investment Trust had a compelling day yesterday, with 877,346 shares traded helping the company surpass its average daily volume by 173%.
14 days ago, the US REIT fell to a low of $85.92 but has since recovered 8.45%. Federal Realty Investment Trust has posted further gains as part of a 9 day trend that has already seen the stock gain $7.26.
Federal Realty Investment Trust discloses $1.08 per share dividend to be paid on Monday, April 17th
Hudson Pacific Properties, Inc. | 168% higher than rolling average
With 6.30 million shares traded yesterday, Hudson Pacific Properties, Inc. beat its daily average by 168% to cap off a frenetic trading day.
After hitting an important low of $4.12 approximately 23 days ago, the office-focused REIT has bounced back 25.49% since. Hudson Pacific Properties, Inc. has posted further gains as part of a 3 day trend that has already seen the stock gain 40 cents.
Hudson Pacific Properties, Inc. discloses 25 cents per share dividend to be paid on Thursday, March 30th
— Average trading volume refers to a 21-day rolling average.
