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May 18, 2023
A busy day for KE Holdings Inc., STORE Capital Corporation, Duck Creek Technologies, Inc., being the prominent real_estate stocks displaying higher volumes than usual.
Here's an update with information from the last trading session: Markets closed higher yesterday; Dow Jones ended the session at 33,421 after a 1.24% gain. S&P 500 closed the day at 4,158.77, having gained 1.19%.
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:
KE Holdings | 191% higher than rolling average
KE Holdings Inc. outpaced its average daily trading volume (6.61 million) with 12.59 million shares traded yesterday.
3 months ago the housing transactions platform reached a significant high of $20.3 but has consequently lost 17% since then. Having fallen 25 cents in 3 days,
STORE Capital Corporation | 157% above rolling average
With an average daily volume of 2.61 million shares.
STORE Capital Corporation had a compelling day yesterday, with 4 million shares traded helping the company surpass its average daily volume by 157%.
Duck Creek Technologies | 103% slightly above rolling average
Duck Creek Technologies outpaced its average daily trading volume (1.81 million) with 1.87 million shares traded yesterday.
This year has been a bright one for the insurance carrier enabler after trading as low as $10.24 and going on to appreciate by 52.9% year to date. The stock has been trending positively for about 4 months. Following a month of flat trade,
— Average trading volume refers to a 21-day rolling average.
