National Retail Properties, Inc., American Homes 4 Rent, Rexford Industrial Realty, Inc. and others reached higher-than-usual trading volumes.
A recap of yesterday's session: Leading equity indices in the US rose as Nasdaq ended the session at 13,462 after a 1.53% gain. S&P 500 closed the day at 4,339, having gained 0.93%.
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:
National Retail Properties | 234% above rolling average
The high-quality retail REIT has shed 7.68% over the past six months. On a negative trend for around a month. National Retail Properties is currently trading with a market cap of $7.82 billion with an average daily volume of 907,382 shares.
With 2.13 million shares traded yesterday, National Retail Properties beat its daily average by 234% to cap off a frenetic trading day.
American Homes 4 Rent | 198% above rolling average
American Homes 4 Rent outpaced its average daily trading volume (1.97 million) with 3.89 million shares traded yesterday.
The Californian REIT is now trading 21.55% above the significant low ($28.91) it slumped to 2 months ago. Having fallen 16 cents in 3 days,
American Homes 4 Rent discloses 22 cents per share dividend to be paid on Friday, March 31st
Rexford Industrial | 145% higher than rolling average
Rexford Industrial had a compelling day yesterday, with 2.69 million shares traded helping the company surpass its average daily volume by 145%.
The Californian industrial real estate firm is now trading 11.58% below its 3-month high of $68.46. Pointing downwards for around a month. Rexford Industrial's bearish run has lasted 4 days so far (-$2.97).
Rexford Industrial discloses 38 cents per share dividend to be paid on Monday, April 17th
— Average trading volume refers to a 21-day rolling average.