Markets edging higher with these 2 stocks exhibiting stellar volumes

Traders are flocking around Shaw Communications Inc. & SK Telecom Co.,Ltd and others; check out these communication_services stocks that are displaying higher than typical trading volumes.

Here's the most recent update: Markets are up including news that Dow Jones up 0.81%, trading at 34,126. S&P 500 goes up 0.4%, trading at 4,394.17.

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 communication_services stocks have high volumes. Take a look.

Shaw Communications | beating its average daily volume by 473%

Shaw Communications Inc. is having an eventful day so far, currently at 6.35 million and outpacing its average daily volume by 473%.

Shaw Communications hit a significant low of $24 around 8 months ago, but has since recovered 24.68%. The stock has been trending positively for about 3 months. Shaw Communications has posted further gains as part of a 17 day trend that has already seen the stock gain $1.58.

Shaw Communications discloses 7.2 cents per share dividend to be paid on Thursday, March 30th

SK Telecom | 530,606 traded volume so far today exceeding the daily average by 106%

Having set a significant high of $23.61 11 months ago, the wireless telecoms company is trading 15.04% lower. Currently, the wireless telecoms company has a market capitalization of $7.60 billion with an average daily trading volume of 499,351 shares.

A hectic day for SK Telecom, surpassing its average daily volume by 106% to reach 530,606.

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