Markets edging higher with these 3 stocks exhibiting stellar volumes

The following energy stocks (Sasol Limited, HollyFrontier Corp, Cabot Oil & Gas Corp) are reaching higher-than-usual volumes.

Here's the most recent update: The leading indices are showing gains — Dow Jones up 0.53%, trading at 33,763. S&P 500 up to 4,123.27, gaining 0.34%.

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.

Sasol | 567,478 traded volume so far today exceeding the daily average by 178%

A blockbuster trading session for Sasol Limited, eclipsing its average daily volume by 178% and recording 567,478.

27 days ago, the chemicals company fell to a low of $12.24 but has since recovered 11.93%.

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

HollyFrontier is having an eventful day so far, currently at 4.78 million and outpacing its average daily volume by 119%.

Cabot Oil & Gas Corp | currently blitzing its average daily volume by 219%

A hectic day for Cabot Oil & Gas Corp, surpassing its average daily volume by 219% to reach 18.76 million.

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