Take a look at the following real_estate stocks that showed higher volumes than usual: Gaming and Leisure Properties, Inc., Cousins Properties Incorporated, STORE Capital Corporation.
A recap of today's session: Markets were up today; Nasdaq gained 0.66% and closed at 12,365. S&P 500 ended the session at 4,136.28 after a 0.3% 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.
Price action was mostly bullish today with some real_estate stocks recording abnormally high trading volumes. Here's a recap:
Gaming and Leisure Properties | 473% above rolling average
Gaming and Leisure Properties, Inc. went down to $48.7 (0.81%), adding to its six days of losses. Over the past 2 months, the casino REIT has retreated 10.6% from a noteworthy peak of $54.92. Gaming and Leisure Properties is currently trading with a market cap of $13.22 billion with an average daily trading volume of 1.18 million shares.
Gaming and Leisure Properties outpaced its average daily trading volume (1.18 million) with 5.56 million shares traded today.
Cousins Properties | 221% higher than rolling average
Cousins Properties had a compelling day today, with 4 million shares traded helping the company surpass its average daily volume by 221%.
The residential and commercial property market company has shed 25.18% over the past three months. Having fallen $1.3 in 7 days,
Cousins Properties discloses 32 cents per share dividend to be paid on Friday, April 14th
STORE Capital Corporation | 157% higher than rolling average
With an average daily volume of 2.61 million shares.
With 4 million shares traded today, STORE Capital Corporation beat its daily average by 157% to cap off a frenetic trading day.
— Average trading volume refers to a 21-day rolling average.