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March 15, 2023
The following energy stocks (HollyFrontier Corp, Cabot Oil & Gas Corp, Pembina Pipeline Corporation) are reaching higher-than-usual volumes.
Here's the most recent update: The leading indices are falling — Dow Jones trades at 31,650 after losing 1.57%. S&P 500 slipping 1.41% and closing at 3,864.
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 energy stocks are currently at high volumes. Here is an update.
HollyFrontier | 4.78 million traded volume so far today exceeding the daily average by 119%
After closing the previous trading day at $35.68, HollyFrontier Corp is up to $36.39, which makes for a move of 2%/71 cents today.
HollyFrontier is having an eventful day so far, currently at 4.78 million and outpacing its average daily volume by 119%.
Cabot Oil & Gas Corp | 18.76 million traded volume so far today exceeding the daily average by 219%
Cabot Oil & Gas Corp trades at $22.25, after ending yesterday at $22.25.
A hectic day for Cabot Oil & Gas Corp, surpassing its average daily volume by 219% to reach 18.76 million.
Pembina Pipeline | trading volume jumps 124% in busy day so far
Pembina Pipeline is having an eventful day so far, currently at 827,168 and outpacing its average daily volume by 124%.
The pipeline transport company is now trading 24.31% below the significant high of $42.37 it set around 9 months ago. On a negative trend for around a month.
Pembina Pipeline discloses 16.14 cents per share dividend to be paid on Friday, December 30th
— Average trading volume refers to a 21-day rolling average.
