Markets edging higher with these 3 stocks exhibiting stellar volumes

The highest volumes today go to: HollyFrontier Corp, Cabot Oil & Gas Corp, Valvoline Inc..

Here's the most recent update: The leading indices are climbing up — Dow Jones goes up 2.07%, trading at 33,747. S&P 500 up to 4,284, gaining 1.49%.

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 yesterday, some energy stocks have high volumes. Take a look.

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

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

Cabot Oil & Gas Corp | 18.76 million traded volume so far today exceeding the daily average by 219%

A blockbuster trading session for Cabot Oil & Gas Corp, eclipsing its average daily volume by 219% and recording 18.76 million.

The chemical manufacturing company is trading close to the $38.66 level today, after ending yesterday at $38.83 and dropping 0.42%.

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