Stocks with Unusual Volume

Volume mover stocks are companies with the most shares traded during the current trading day relative to their average trading trading volume. A stock may experience above-average trading volume when important new information affecting the stock's valuation is made known to the public. This creates pressure among investors to either buy or sell the stock, leading to heavier trading volume and strong price momentum in the stock. Explanation of average daily trade volume.

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CompanyCurrent PriceVolume GrowthVolumeAverage VolumeDollar VolumeIndicator(s)
MRM
MEDIROM Healthcare Technologies
$12.80
+73.2%
+15,182.8%48.93 million320,186$626.35 millionNews Coverage
Gap Up
AIHS
Senmiao Technology
$0.83
+16.4%
+14,814.9%53.34 million357,611$44.06 millionNews Coverage
Gap Up
Amplitude Healthcare Acquisition logo
AMHC
Amplitude Healthcare Acquisition
$14.36
+40.4%
+13,557.2%9.85 million72,128$141.46 millionNews Coverage
Gap Up
Eargo logo
EAR
Eargo
$6.86
-68.3%
+6,749.3%51.86 million757,193$355.78 millionAnalyst Downgrade
Options Volume
News Coverage
Gap Down
TransCode Therapeutics logo
RNAZ
TransCode Therapeutics
$4.02
+53.4%
+4,247.2%225.75 million5.19 million$907.51 millionNews Coverage
Gap Up
GRNV
GreenVision Acquisition
$23.00
-5.7%
+3,237.9%3.53 million105,738$81.18 millionGap Up
ReWalk Robotics logo
RWLK
ReWalk Robotics
$2.17
+21.2%
+2,550.7%115.58 million4.36 million$250.80 millionOptions Volume
Gap Down
KLAQ
KL Acquisition
$9.75
+0.3%
+2,310.7%1.23 million51,182$12.03 millionShort Interest ↑
PAIC
Petra Acquisition
$10.07
+2,163.4%664,54329,360$6.69 millionPositive News
ENSC
Ensysce Biosciences
$4.69
+8.8%
+1,776.5%12.70 million676,833$59.57 millionGap Down
DHBC
DHB Capital
$9.69
+0.2%
+1,734.9%193,63710,553$1.88 million
BLUW
Blue Water Acquisition
$9.63
+1,725.4%5.92 million324,305$57.01 millionGap Down
Aethlon Medical logo
AEMD
Aethlon Medical
$4.37
-13.6%
+1,662.2%4.05 million230,058$17.72 millionOptions Volume
Gap Down
Moog logo
MOG.B
Moog
$76.04
-1.2%
+1,648.7%2,088119$158,771.52News Coverage
Four Seasons Education (Cayman) logo
FEDU
Four Seasons Education (Cayman)
$0.83
+43.1%
+1,646.0%18.37 million1.05 million$15.25 millionNews Coverage
Positive News
Gap Up
BOAS
BOA Acquisition
$9.70
+1,634.9%487,56528,104$4.73 million
GBNH
Greenbrook TMS
$7.50
+1.4%
+1,595.3%89,8515,300$673,882.50Gap Up
TMC
TMC the metals
$5.46
-21.0%
+1,457.5%25.94 million1.67 million$141.64 millionGap Down
RNDB
Randolph Bancorp
$20.11
-1.6%
+1,379.6%140,9009,523$2.83 millionPositive News
SPKB
Silver Spike Acquisition Corp II
$9.80
+0.6%
+1,204.2%289,85422,225$2.84 million
EAC
Edify Acquisition
$9.70
-0.2%
+1,185.2%551,39942,905$5.35 million
LIVK
LIV Capital Acquisition
$12.32
-8.3%
+1,113.1%480,21739,587$5.92 million
RBC Bearings logo
ROLL
RBC Bearings
$216.72
+8.6%
+1,094.5%1.56 million130,467$337.75 millionAnalyst Upgrade
News Coverage
Gap Up
CONX logo
CONX
CONX
$9.82
+0.1%
+1,057.6%4.71 million406,630$46.23 million
ACAH
Atlantic Coastal Acquisition
$9.70
+1,027.8%452,19240,095$4.39 million
Grindrod Shipping logo
GRIN
Grindrod Shipping
$16.18
+3.1%
+1,004.9%1.05 million95,425$17.06 millionNews Coverage
Safehold logo
SAFE
Safehold
$79.68
+4.1%
+1,004.1%1.35 million122,188$107.50 millionAnalyst Upgrade
News Coverage
Gap Up
VALN
Valneva
$33.88
+7.7%
+985.0%478,72044,123$16.22 millionGap Up
TC
TuanChe
$2.74
+18.2%
+975.0%354,39232,968$971,034.08Gap Up
IPVF
InterPrivate III Financial Partners
$9.93
+0.1%
+949.9%460,52543,862$4.57 million
GreenSky logo
GSKY
GreenSky
$11.51
+1.1%
+949.1%12.68 million1.21 million$145.95 million
CMII
CM Life Sciences II
$12.68
+5.2%
+942.8%505,25248,450$6.41 million
Hyatt Hotels logo
H
Hyatt Hotels
$77.00
+2.1%
+855.4%5.61 million587,515$432.19 million
LSAQ
LifeSci Acquisition II
$9.95
+836.9%491,74052,488$4.89 million
RXRA
RXR Acquisition
$9.72
-0.6%
+834.4%200,00021,404$1.94 million
Theratechnologies logo
THTX
Theratechnologies
$4.02
+7.2%
+807.6%2.94 million323,435$11.80 millionGap Down
AGBA
AGBA Acquisition
$10.89
+0.1%
+776.3%31,8933,639$347,314.77
Regis logo
RGS
Regis
$3.96
+3.1%
+766.6%5.01 million578,178$19.84 millionGap Up
Solid Biosciences logo
SLDB
Solid Biosciences
$2.96
-1.3%
+754.4%10.29 million1.20 million$30.45 millionOptions Volume
News Coverage
Gap Up
Neonode logo
NEON
Neonode
$8.27
+19.0%
+748.7%462,32854,476$3.82 millionNews Coverage
Gap Up
RPT Realty logo
RPT
RPT Realty
$12.98
+1.3%
+742.7%3.45 million409,591$44.80 millionPositive News
KCAC
Kensington Capital Acquisition Corp. II
$9.98
+720.1%1.32 million161,495$13.22 millionPositive News
Flux Power logo
FLUX
Flux Power
$5.87
-21.9%
+699.9%1.34 million167,166$7.85 millionEarnings Report
Options Volume
Gap Down
Tscan Therapeutics logo
TCRX
Tscan Therapeutics
$7.69
+24.6%
+696.7%869,522109,146$6.69 millionGap Up
HCII
Hudson Executive Investment Corp. II
$9.72
+684.7%190,07524,223$1.85 million
PSL
Invesco DWA Consumer Staples Momentum ETF
$90.21
+0.4%
+684.2%29,9963,825$2.71 millionDividend Increase
Positive News
EFAS
Global X MSCI SuperDividend EAFE ETF
$15.58
+0.9%
+672.9%47,2176,109$735,692.80
CRZN
Corazon Capital V838 Monoceros
$9.71
-0.2%
+672.6%148,40819,208$1.44 million
TVAC
Thayer Ventures Acquisition
$10.08
-0.2%
+668.5%519,33367,576$5.23 million
Ardagh Group logo
ARD
Ardagh Group
$25.46
+3.5%
+661.0%707,08992,911$18.00 millionShort Interest ↓
Gap Up
OLD
The Long-Term Care ETF
$31.61
+0.0%
+640.7%43,5525,880$1.38 million
Transcontinental Realty Investors logo
TCI
Transcontinental Realty Investors
$39.85
+17.2%
+634.0%43,5355,931$1.73 millionGap Up
SGAM
Seaport Global Acquisition
$10.01
+0.1%
+621.6%460,72163,847$4.61 millionPositive News
NeuroMetrix logo
NURO
NeuroMetrix
$11.94
-1.5%
+609.5%26.93 million3.80 million$321.54 millionGap Up
Reinvent Technology Partners logo
RTP
Reinvent Technology Partners
$10.57
+9.3%
+609.0%11.83 million1.67 million$125.04 millionGap Up
NOTV
Inotiv
$33.71
-1.2%
+603.6%879,469124,987$29.65 millionAnalyst Report
News Coverage
Signify Health logo
SGFY
Signify Health
$20.05
-6.5%
+579.0%5.29 million778,721$106.01 millionAnalyst Downgrade
Options Volume
News Coverage
Value Line logo
VALU
Value Line
$34.27
+2.6%
+577.9%34,4665,084$1.18 millionGap Up
DRAY
Macondray Capital Acquisition Corp I
$9.83
+0.1%
+561.7%594,79989,888$5.85 million
dMY Technology Group, Inc. III logo
DMYI
dMY Technology Group, Inc. III
$10.01
+0.2%
+545.5%4.06 million628,693$40.62 millionNews Coverage
VELO
Velocity Acquisition
$9.84
-0.3%
+510.8%508,45383,242$5.01 million
Laureate Education logo
LAUR
Laureate Education
$17.54
+2.3%
+499.3%5.06 million843,957$88.72 millionGap Up
Altice USA logo
ATUS
Altice USA
$22.06
-12.7%
+497.7%27.24 million4.56 million$600.84 million
EyeGate Pharmaceuticals logo
EYEG
EyeGate Pharmaceuticals
$2.10
+14.8%
+497.6%4.90 million819,472$10.28 millionGap Down
HPX
HPX
$9.84
+493.9%381,17064,185$3.75 million
HHLA
HH&L Acquisition
$9.70
+486.3%556,15494,859$5.39 millionUpcoming Earnings
News Coverage
STWO
ACON S2 Acquisition
$9.99
+0.1%
+481.4%892,077153,429$8.91 million
Synlogic logo
SYBX
Synlogic
$3.18
-8.9%
+468.0%3.84 million675,525$12.20 millionAnalyst Revision
News Coverage
Gap Down
ENVX
Rodgers Silicon Valley Acquisition
$19.99
+13.0%
+464.7%3.25 million575,337$64.95 millionOptions Volume
News Coverage
Gap Up
IM Cannabis logo
IMCC
IM Cannabis
$3.46
+13.4%
+459.7%459,52582,097$1.59 million
Core-Mark logo
CORE
Core-Mark
$45.65
+451.4%2.31 million418,699$105.40 million
KPLT
Katapult
$6.23
+14.1%
+450.2%20.11 million3.66 million$125.29 millionOptions Volume
Gap Up
Joby Aviation logo
JOBY
Joby Aviation
$10.57
+9.3%
+443.9%11.83 million2.17 million$125.04 millionAnalyst Report
Options Volume
News Coverage
Gap Up
FINM
Marlin Technology
$9.71
+0.1%
+437.1%381,14970,970$3.70 million
Magal Security Systems logo
MAGS
Magal Security Systems
$4.14
-24.2%
+436.9%731,976136,328$3.03 millionShort Interest ↓
Gap Down
EJFA
EJF Acquisition
$9.86
-0.2%
+428.9%1.04 million196,769$10.26 million
Itamar Medical logo
ITMR
Itamar Medical
$30.21
-0.2%
+422.9%393,72475,298$11.89 million
Grocery Outlet logo
GO
Grocery Outlet
$22.52
-1.3%
+422.9%5.01 million957,202$112.71 million
ATMR
Altimar Acquisition Corp. II
$9.89
-0.3%
+414.7%253,22749,203$2.50 million
Compass Diversified logo
CODI
Compass Diversified
$28.73
-0.6%
+410.2%947,912185,777$27.23 million
Protagonist Therapeutics logo
PTGX
Protagonist Therapeutics
$18.00
+16.4%
+407.2%2.95 million581,221$53.07 millionAnalyst Report
Options Volume
Analyst Revision
UROY
Uranium Royalty
$4.15
-2.4%
+368.1%1.44 million306,817$5.96 million
HIII
Hudson Executive Investment Corp. III
$9.73
+366.4%339,03272,698$3.30 million
Rexford Industrial Realty logo
REXR
Rexford Industrial Realty
$58.92
-2.1%
+357.0%3.58 million783,644$211.01 millionAnalyst Downgrade
Short Interest ↑
News Coverage
Gap Down
TPGS
TPG Pace Solutions
$10.01
-0.1%
+356.9%511,718111,990$5.12 million
DNAB
Social Capital Suvretta Holdings Corp. II
$9.79
-0.2%
+355.4%542,600119,161$5.31 million
BYRND
Byrna Technologies
$23.35
+2.6%
+346.8%167,63437,520$3.91 million
DBGI
Digital Brands Group
$2.81
+15.6%
+341.6%16.03 million3.63 million$45.05 millionNews Coverage
Gap Up
Summit Therapeutics logo
SMMT
Summit Therapeutics
$5.38
+3.9%
+334.0%980,599225,930$5.28 millionNews Coverage
CLEU
China Liberal Education
$2.13
-28.5%
+330.9%9.36 million2.17 million$19.93 millionGap Up
BlackRock Capital Allocation Trust logo
BCAT
BlackRock Capital Allocation Trust
$20.19
-0.2%
+330.2%809,346188,131$16.34 million
Li-Cycle logo
LICY
Li-Cycle
$10.94
+7.3%
+329.2%3.65 million850,865$39.95 millionAnalyst Report
Analyst Revision
Gap Up
Macquarie Infrastructure logo
MIC
Macquarie Infrastructure
$40.27
+0.1%
+328.7%5.60 million1.31 million$225.55 millionOptions Volume
News Coverage
BEST logo
BEST
BEST
$1.91
+13.0%
+327.1%20.71 million4.85 million$39.55 millionOptions Volume
Positive News
Gap Up
HLBZ
GreenVision Acquisition
$23.00
-5.7%
+324.0%3.61 million850,255$82.92 millionGap Up
Molecular Templates logo
MTEM
Molecular Templates
$6.65
+2.6%
+321.0%1.46 million345,894$9.68 millionInsider Buying
News Coverage
Endava logo
DAVA
Endava
$121.19
-0.5%
+308.8%657,081160,725$79.63 millionUpcoming Earnings
FEMB
First Trust Emerging Markets Local Currency Bond ETF
$33.31
-0.1%
+307.7%310,14076,062$10.33 millionPositive News
HAPP
Happiness Biotech Group
$0.98
-2.3%
+305.9%2.86 million705,534$2.80 millionNews Coverage
Gap Up
Inhibikase Therapeutics logo
IKT
Inhibikase Therapeutics
$2.10
+2.9%
+305.6%1.51 million371,643$3.17 millionNews Coverage
Positive News
Gap Up

The interest in buying or selling a security (i.e. demand) is defined by the volume of shares being traded. When that demand is measured over a certain period of time, the volume can be averaged to give investors additional information for technical analysis. This article will help you understand what the average daily trading volume is, how you can look for it, what causes it to change significantly, and how it can be used as part of a trading system.

What is average daily trading volume?

The average daily trading volume (ADTV) is a calculation that identifies the amount of individual securities traded over a specified amount of time, divided by the number of days in that time period. Monthly and annual averages are the most common time frames used for calculating average daily trading volume. Average daily trading volume is one statistic investors use to predict the enthusiasm that traders have for buying or selling a security.

On any given day, a security may experience higher or lower volume for a variety of reasons. Investors can use average daily training volume to compare against its current volume. If the average daily trading volume is significantly higher or lower than the current volume, it is a clue that something may be happening that is creating buying or selling demand.

An informed investor can and should, at the very least, be aware of what an average daily trading is and what it may be saying about their investment. But the extent to which it impacts their trading habits really depends on what kind of investor they are.

When evaluating a security, investors will tend to be in one of two camps: fundamental analysis or technical analysis. If you're not an active trader, then you probably lean towards fundamental analysis to make your investment choices. In that case, the average daily trading volume may not be that important to you. That's because many investors who rely on fundamental analysis are taking long-term positions with their investments. Price movement over 30 days or 50 days is not likely to sway your opinion.

ADTV is firmly in the technical analysis camp. Technical analysis is a trading strategy that is used by active, aggressive traders to determine when to enter (buy) or exit (sell) a position they have in a security. These investors are typically looking to buy and sell a security, often times in the same day. For that reason, they use average daily trading volume to select securities. 

How to find the average daily trading volume

The average daily trading volume can be found by viewing the summary quote for a given security. You might see it listed as a “30-day or 50-day average trading volume”, although it could be measured over any length of time. To get a better indication of what that volume means in relation to the value of that security, most summary pages will let you look at a chart for that security. The volume will be plotted along the horizontal axis and above the volume, you'll see price movement. The chart will allow you to see the specific dates when trading activity was most active.

What will cause the trading volume to change?

Like a hashtag on social media, the volume of trading for a given security will change when it’s trending. There are many things that can cause demand for a security to fluctuate. A few examples of situations that may affect the average daily trading volume of a given security:

  • When a company launches a new product, its stock will typically experience heavier trading volume as investors anticipate increased sales which makes the company more desirable to investors.
  • Here in the United States, when an election puts one political party in a position to replace the opposing party, it frequently leads to enthusiasm (desire to buy) in certain sectors and anxiety (desire to sell) in others.
  • As consumers, you know how weather events such as a hurricane can affect the price you pay at the pump. This is because investors fear supply disruptions. However, that same event is usually good news for the stock of oil and gas companies and can cause the trading volume of those companies to jump above their average.

What an increase in trading volume means

Since average daily trading volume tells investors how much interest a security is generating it helps them determine the liquidity of that security (i.e. how easy it is to trade). Simply put, an average daily trading volume that is increasing means there is a significant commitment by traders. This tells traders that there are many available buyers and sellers, making it easy to execute a trade.

What a decline in trading volume means

Typically a downturn in average daily trading volume means that there is less enthusiasm about a particular security. This means that, for trading purposes, there are fewer committed buyers, meaning there is less liquidity in that security. If you’re a day trader looking to enter and exit a position quickly, a security that is seeing a downturn in average daily trading volume may be more difficult to buy and sell quickly.

How to use average daily trading volume in your trades

An important takeaway for investors who want to use annual daily trading volume in their trading is that an increase in average daily trading volume does not always directly correlate with price.

As a consumer, you understand that for a sale to be made there has to be a buyer and a seller. You also understand that how much you pay for something has to do with supply and demand.

To illustrate this, imagine you’re a collector. You find an item that you’ve been eyeing for a long time. The only problem is, the seller only has one and you are not the only one interested.

What happens? The buyer is in control and the price of that item goes up.

But what would happen if there wasn’t demand for that item, yet the seller was interested in getting rid of it? The advantage goes to you, the buyer. In order to attract buyers (i.e. create demand), the seller has to lower their price.

It’s the same way when you’re looking to buy or sell shares in a security. When you look to buy, there have to be investors on the other end of that trade who are willing to sell. The average daily trading volume can signal to an investor that an event has occurred that is causing trading demand to increase.

But simply knowing that there is trading demand is not sufficient. While average daily trading volume can help confirm to a trader that a security is being actively traded, it does not, by itself, indicate price movement one way or another. There can be both high buying volume and high selling volume.

This is why, as part of a trading system, the average trading volume is always secondary to price. To make a more informed decision about what the average daily trading volume means, investors will look at price movement. Here are a few ways that investors use volume in their trading:

  • They use daily trading volume to confirm convergence.
    When the price is moving in the same direction as volume (that is the price is rising when volume is increasing or conversely the price is falling as demand is decreasing), that is called convergence and it is a good indicator that a trend is likely to continue and prices are likely to continue in the direction they are going.
  • They use daily trading volume to confirm divergence.
    Likewise, when the price of a security is moving in the opposite direction from its volume this is called divergence and it generally means that any trend that was associated with the security is weakening. If the price is rising as demand is falling it may mean that support for a price is losing steam. If the opposite is happening and the price is falling but demand is rising, it could be a clue that the stock may be ready to rally.
  • They use daily trading volume to observe what happens when the price meets resistance.
    In any rally, prices will reach a level where buyers take a breather. This is called a resistance level. In order for prices to continue to go higher, there has to be significant volume. Therefore, traders look at securities that have high average daily trading volume because they are more likely to push past a resistance level.
  • When the price continues to advance beyond a resistance level and the security continues to have an above average volume, which is considered to be more significant than if the price advances but volume turns lower. This is because it implies that investors continue to be enthusiastic. And enthusiasm leads to more buying and a price that will continue to climb.
  • Conversely, if the price continues to fall below a resistance level and continues to have an above average volume, it is considered to be more significant than if the price declines but volume also decreases. This is because the combination of negative price movement with advancing volume signifies a high level of investor anxiety which is likely to produce more selling and a price that will continue to decline.

The bottom line

Average daily trading volume can be one part of a trader’s technical analysis for a security. It can help them minimize risk by pointing out securities that have a committed group of buyers and sellers, allowing traders to quickly enter (buy) or exit (sell) a position they may take. It is not, however, a stand-alone measurement and should always be secondary to price movement when deciding whether or not to trade a given security.


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