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June 10, 2023A busy day for Ventas Inc, Sun Communities, Inc., STORE Capital Corporation, being the prominent real_estate stocks displaying higher volumes than usual.
A recap of yesterday's session: Markets had an interesting day yesterday; Dow Jones gained 0.13% and closed at 33,877. Nasdaq closed the day at 13,259, having gained 0.16%.
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:
Ventas | 216% higher than rolling average
With 5.63 million shares traded yesterday, Ventas Inc beat its daily average by 216% to cap off a frenetic trading day.
7 months ago, the real estate investment trust fell to a low of $36.04 but has since recovered 24.14%.
Ventas discloses 45 cents per share dividend to be paid on Thursday, April 13th
Sun Communities | 163% above rolling average
Sun Communities's downtrend has seen it decline 1.44% in 4 days Yesterday's session continued down the same path: despite the risk-off mood, Sun Communities was range-bound between $130.42 to $132.68 and settled at $130.44.
Trading volume was 928,637 shares yesterday — beating the daily average by a mammoth 163%.
STORE Capital Corporation | 157% higher than rolling average
STORE Capital Corporation had a compelling day yesterday, with 4 million shares traded helping the company surpass its average daily volume by 157%.
— Average trading volume refers to a 21-day rolling average.
