| 
April 08, 2023
The following healthcare stocks experienced higher volumes than usual including Abiomed, Signify Health, Inc., Natera, Inc. and others.
A quick recap of where the last trading session ended: Leading equity indices in the US rose as Nasdaq ended the session at 12,100 after a 0.76% gain. S&P 500 gained 0.36% and closed at 4,105.
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.
Price action was mostly bullish Thursday with some healthcare stocks recording abnormally high trading volumes. Here's a recap:
Abiomed | 506% higher than rolling average
The stock has been trending positively for about 2 months. Currently, the medtech company has a market capitalization of $17.18 billion with an average daily volume of 3.10 million shares.
Thursday's trading volume was 15.70 million shares (surpassing the daily average by 506%).
Signify Health | 261% higher than rolling average
Signify Health had a compelling day Thursday, with 9.63 million shares traded helping the company surpass its average daily volume by 261%.
After hitting an important low of $11.19 approximately 9 months ago, the home health care services company has bounced back 172.3% since. The stock has been trending positively for about 9 months. With around a month of flat trade under its belt,
Natera | 279% higher than rolling average
Natera went down to $51.91 (2.06%), adding to its five days of losses. Over the past 23 days, the cell-free DNA testing tech company has retreated 9.08% from a noteworthy peak of $58.29. The company is currently trading with a market cap of $5.88 billion with an average daily trading volume of 1.40 million shares.
Trading volume peaked at 3.91 million shares Thursday, thereby obliterating the daily average of 1.40 million by 279%.
— Average trading volume refers to a 21-day rolling average.
