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March 09, 2023
Following yesterday's heightened trading volumes, The Liberty SiriusXM Group, Tremor International Ltd, Sea Limited American were the standout stocks.
Yesterday's session summary: Markets completed a mixed session yesterday while Nasdaq ended the session at 11,576 after a 0.4% gain. Dow Jones was down 0.18% before closing the session at 32,800.
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 sideways yesterday, several communication_services stocks were actively traded. Here's an update:
Liberty Media A | 1,019% higher than rolling average
The US media company dropped to its lowest point in 2 years at $28.71. It later recovered 47.5 cents and trades at $29.19. Liberty Media A has lost 10.95% over the last 8 days. More of the same from yesterday's session: early in yesterday's session, Liberty Media A dropped to $28.71 from $29.7 at the end of Tuesday, before closing at $29.19. During the session, it lost 1.72%.
Trading volume was 17.41 million shares yesterday — beating the daily average by a mammoth 1,019%.
Tremor International | 369% above rolling average
With 405,971 shares traded yesterday, Tremor International beat its daily average by 369% to cap off a frenetic trading day.
The advertising-technology company has fallen back around 60.31% from the significant high of $16.53 set 11 months ago. Pointing downwards for around a month. Having fallen $1.28 in 7 days,
Sea Ltd | 200% above rolling average
Sea Ltd outpaced its average daily trading volume (6.77 million) with 13.57 million shares traded yesterday.
The internet company has managed to gain 50.4% so far this year despite trading at lows around $40.92 previously. Stable at $79.81 and still trending upwards,
— Average trading volume refers to a 21-day rolling average.
