Americold Realty Trust, Opendoor Technologies Inc., Lamar Advertising Company (REIT) and others reached higher-than-usual trading volumes.
Here's an update with information from the last trading session: Markets completed a mixed session yesterday, as Dow Jones was down 0.68% before closing the session at 33,979. Nasdaq ended the session at 13,626 after a 0.39% gain.
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:
Americold Realty Trust | 212% above rolling average
Yesterday's trading volume peaked at 2.95 million shares, thereby blitzing the daily average of 1.39 million by 212%.
Americold Realty Trust hit a significant low of $22.11 around 7 months ago, but has since recovered 39.76%. Americold Realty Trust has posted further gains as part of an 8 day trend that has already seen the stock gain $1.53.
Americold Realty Trust discloses 22 cents per share dividend to be paid on Friday, April 14th
Opendoor Technologies Inc | 161% higher than rolling average
The online residential real estate company now trading 113.87% above its 3-month low of 97.01 cents. The stock has been trending positively for about a month. The company has a market cap of $1.91 billion with an average daily volume of 23.41 million shares.
Opendoor Technologies Inc outpaced its average daily trading volume (23.41 million) with 37.68 million shares traded yesterday.
Lamar Advertising Company | 154% above rolling average
With 617,782 shares traded yesterday, Lamar Advertising Company beat its daily average by 154% to cap off a frenetic trading day.
Approximately 4 months ago, the US ad company reached a significant high of $111.21 but has struggled to hold onto its gains and declined 14.85% since then. Lamar Advertising Company has posted further gains as part of an 8 day trend that has already seen the stock gain $2.81.
Lamar Advertising Company discloses $1.25 per share dividend to be paid on Friday, March 31st
— Average trading volume refers to a 21-day rolling average.