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June 12, 2023
The following healthcare stocks (Abiomed, Signify Health, Inc., PerkinElmer Inc) are reaching higher-than-usual volumes.
Here's the most recent update: The leading indices are climbing up — Nasdaq up to 13,330, gaining 0.53%. S&P 500 up to 4,308.39, gaining 0.22%.
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 healthcare stocks have high volumes. Take a look.
Abiomed | 15.70 million traded volume so far today exceeding the daily average by 506%
A blockbuster trading session for Abiomed, eclipsing its average daily volume by 506% and recording 15.70 million.
The stock has been trending positively for about 4 months.
Signify Health | 9.63 million traded volume so far today exceeding the daily average by 261%
The healthcare platform developer has recovered 172.3% since descending to a significant low of $11.19 around 11 months ago. The stock has been trending positively for about 11 months. The company's market cap currently stands at $8.93 billion with an average daily volume of 3.69 million shares.
Signify Health is having an eventful day so far, currently at 9.63 million and outpacing its average daily volume by 261%.
PerkinElmer | trading volume jumps 184% in busy day so far
A hectic day for PerkinElmer, surpassing its average daily volume by 184% to reach 1.63 million.
The testing laboratories company has fallen back around 27.75% from the significant high of $160.96 set 10 months ago. On a negative trend for around 2 months.
PerkinElmer discloses 7 cents per share dividend to be paid on Friday, May 12th
— Average trading volume refers to a 21-day rolling average.
