360° Coverage : Abnormal Volume Stocks To Watch On Friday

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Abnormal Volume Stocks To Watch On Friday
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Abnormal Volume Stocks To Watch On Friday

Apr 11 2014, 9:31am CDT | by

Looking through the closing trading data for the Russell 1000 components, there are some abnormal volume stand-outs that traders will be interested to watch during Friday’s upcoming session. To...

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20 weeks ago

Abnormal Volume Stocks To Watch On Friday

Apr 11 2014, 9:31am CDT | by

Looking through the closing trading data for the Russell 1000 components, there are some abnormal volume stand-outs that traders will be interested to watch during Friday’s upcoming session. To compile this list, we calculated the three month average volume for each stock ahead of the previous trading session, and then compared against the volume seen during the session, to find those stocks with the most abnormally high volume.

Topping the list was Bed, Bath & Beyond (NASD: BBBY), with 4.4x normal volume. In the prior session, BBBY traded 12.08 million shares, versus normal volume of about 2.75 million. On the 9th, Bed Bath & Beyond reported results for the fiscal year ended March 1, 2014.

Click here to find out The 15 Most Active Call & Put Options of the S&P 500 »

Artisan Partners Asset Management (NYSE: APAM) ranked #2 on the list, with 4.2x normal volume, based on the approximately 1.41 million shares trading in the last session, versus a calculated normal volume of 338,830. Last week Keefe Bruyette upgraded Artisan Partners to Outperform.

Coming in at #3, Catamaran Corp (NASD: CTRX) saw 4.1x normal trading volume, with volume of 9.57 million shares versus the usual 2.31 million. According to theflyonthewall.com, “Cleveland Research said Catamaran checks indicate client frustration with customer service and implementation issues.

Arthur J. Gallagher & Co. (NYSE: AJG) ranked #4 on the list, with 4.0x normal volume, based on the approximately 2.77 million shares trading in the last session, versus a calculated normal volume of 694,755. Yesterday, Arthur J. Gallagher & Co. announced that it has priced an offering of 19 million shares of its common stock at a price of $43.25 and granted the underwriters in the offering a 30-day option to purchase up to an additional 2.85 million shares of its common stock at the same price.

And finally, Family Dollar Stores, Inc. (NYSE: FDO) ranked #5 on the list, with 3.6x normal volume, seeing about 6.94 million shares change hands, compared to normal volume of 1.93 million. Yesterday, Family Dollar reported second quarter 2014 financial results and announced immediate strategic actions.

Comparing these stocks on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:

Here’s a table of the full top 10 stocks with abnormal volume:

Company Degree Above Normal
Bed, Bath & Beyond, Inc. (NASD: BBBY) 4.4x
Artisan Partners Asset Management Inc (NYSE: APAM) 4.2x
Catamaran Corp (NASD: CTRX) 4.1x
Arthur J. Gallagher & Co. (NYSE: AJG) 4.0x
Family Dollar Stores, Inc. (NYSE: FDO) 3.6x
Commerce Bancshares, Inc. (NASD: CBSH) 3.5x
Gilead Sciences, Inc. (NASD: GILD) 3.0x
Cabot Oil & Gas Corp. (NYSE: COG) 2.9x
Tech Data Corp. (NASD: TECD) 2.6x
Martin Marietta Materials, Inc. (NYSE: MLM) 2.6x
 
Update
2

2 days ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashin ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

3 days ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double trag ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

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