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March 01, 2023
Traders are flocking around Abiomed, Chemed Corporation, Charles River Laboratories International, Inc. and others; check out these healthcare stocks that are displaying higher than typical trading volumes.
A short overview of the current market situation: The leading indices were losing ground — S&P 500 trades at 3,958.62 after losing 0.29%. Nasdaq slipping 0.29% and closing at 11,422.
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.
Though trading was down yesterday, some healthcare stocks are currently at high volumes. Here is an update.
Abiomed | 15.70 million traded volume so far today exceeding the daily average by 506%
The stock has been trending positively for about a month. The company is currently trading with a market cap of $17.18 billion with an average daily trading volume of 3.10 million shares.
Abiomed is having an eventful day so far, currently at 15.70 million and outpacing its average daily volume by 506%.
Chemed Corp. | 95,070 traded volume so far today exceeding the daily average by 109%
A blockbuster trading session for Chemed Corp., eclipsing its average daily volume by 109% and recording 95,070.
Having set a significant low of $432.5 4 months ago, the hospice and palliative care service provider is trading 23.83% higher. The stock has been trending positively for about a month.
Chemed Corp.'s board sets quarterly dividend of 38 cents per share to be paid on Friday, March 17th; annual dividend yield esimated at 0.291%.
Charles River | eclipsing its average trading volume by 114%
A blockbuster trading session for Charles River, eclipsing its average daily volume by 114% and recording 732,955.
After hitting an important low of $182.44 approximately 5 months ago, the gene therapy specialist has bounced back 21.5% since. In the last 4 days, Charles River has lost a total of 3.49% of its value.
— Average trading volume refers to a 21-day rolling average.
