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March 04, 2023
Take a look at the following real_estate stocks: JBG SMITH Properties, Americold Realty Trust, American Homes 4 Rent and others showed higher volumes than usual.
A recap of yesterday's session: Markets closed higher yesterday; S&P 500 closed the day at 4,045.64, having gained 1.61%. Nasdaq gained 1.97% and closed at 11,700.
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 yesterday with some real_estate stocks recording abnormally high trading volumes. Here's a recap:
JBG SMITH | 453% higher than rolling average
JBG SMITH Properties traded at $16.06 after making its biggest single-day drop of 99 cents (5.81%) since September 2022. JBG SMITH's bearish run has lasted 17 days so far (-$2.89). More of the same from yesterday's session: early in yesterday's session, JBG SMITH dropped to $15.38 from $17.05 at the end of Thursday, before closing at $16.06. During the session, it lost 5.81%.
Yesterday's trading volume was 6.16 million shares (surpassing the daily average by 453%).
Americold Realty Trust | 171% higher than rolling average
Americold Realty Trust had a compelling day yesterday, with 2.58 million shares traded helping the company surpass its average daily volume by 171%.
Americold Realty Trust hit a significant low of $22.11 around 4 months ago, but has since recovered 32.2%. Americold Realty Trust has posted further gains as part of a 3 day trend that has already seen the stock gain 4 cents.
Americold Realty Trust discloses 22 cents per share dividend to be paid on Friday, January 13th
American Homes 4 Rent | 148% above rolling average
The Californian REIT closed at $31.36 after it made its largest daily jump of 84 cents (2.75%) since Feb 2. American Homes 4 Rent has posted further gains as part of a 3 day trend that has already seen the stock gain 16 cents. American Homes 4 Rent stayed on track yesterday: the Californian REIT went up to $31.36, gaining 2.75%.
American Homes 4 Rent outpaced its average daily trading volume (2.20 million) with 3.25 million shares traded yesterday.
— Average trading volume refers to a 21-day rolling average.
