A busy day for Duck Creek Technologies, Inc., Starwood Property Trust, Inc., JBG SMITH Properties, being the prominent real_estate stocks displaying higher volumes than usual.
Here's an update with information from the last trading session: Markets completed a mixed session yesterday, as Nasdaq gained 0.4% and closed at 11,576. Dow Jones slipped 0.18% and closed 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 real_estate stocks were actively traded. Here's an update:
Duck Creek Technologies | 256% higher than rolling average
Yesterday's trading volume was 3.80 million shares (surpassing the daily average by 256%).
The insurance carrier enabler has managed to gain 52.29% so far this year despite trading at lows around $10.24 previously. The stock has been trending positively for about 2 months. With around a month of flat trade under its belt,
Starwood Property | 169% above rolling average
The real estate investment company traded as high as $24.77 before shedding 15.26% lower over the past six months. Starwood Property's market cap is currently $6.30 billion with an average daily volume of 2.76 million shares.
Starwood Property outpaced its average daily trading volume (2.76 million) with 4.69 million shares traded yesterday.
JBG SMITH | 121% slightly above rolling average
Trading volume peaked at 1.90 million shares yesterday, thereby obliterating the daily average of 1.58 million by 121%.
Having set a significant high of $29.96 11 months ago, the US REIT is trading 46.9% lower. Trending downwards for around a month.
JBG SMITH discloses 22.5 cents per share dividend to be paid on Thursday, January 12th
— Average trading volume refers to a 21-day rolling average.