Markets edging higher with these 3 stocks exhibiting stellar volumes

The highest volumes today go to: HollyFrontier Corp, Cabot Oil & Gas Corp, Pioneer Natural Resources Co.

A quick recap: Markets are up as Nasdaq goes up 0.81%, trading at 11,500. S&P 500 up 0.44%, trading at 3,987.57.

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 up Friday, some energy stocks have high volumes. Take a look.

HollyFrontier | 4.78 million traded volume so far today exceeding the daily average by 119%

The petroleum refineries company is currently trading 22.57% higher since its 12-month low of $29.34. The stock has been trending positively for about 11 months. With an average daily volume of 4 million shares.

A blockbuster trading session for HollyFrontier, eclipsing its average daily volume by 119% and recording 4.78 million.

Cabot Oil & Gas Corp | eclipsing its average trading volume by 219%

Cabot Oil & Gas Corp is having an eventful day so far, currently at 18.76 million and outpacing its average daily volume by 219%.

After closing the previous trading day at $196.57, Pioneer Natural Resources is up to $201.25, which makes for a move of 2.38%/$4.68 today.

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