Abnormal Volume Stocks To Watch On Friday

Apr 11 2014, 9:31am CDT | by

Abnormal Volume Stocks To Watch On Friday
Photo Credit: Forbes Business

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

Don't miss ...


<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.


blog comments powered by Disqus

Latest stories

Jailed reporter's family urges Iran to release him
Tehran, Oct 31 (IANS/EFE) The family of Washington Post's Iranian-American reporter Jason Rezaian, held without charges in Iran for more than 100 days, has called on Tehran to set him free.
China pledges financial aid to Afghanistan
Beijing, Oct 31 (IANS) China Friday pledged to provide a non-reimbursable assistance of 500 million yuan ($81.43 million) to Afghanistan this year, authorities said.
Russia, Ukraine agree on gas supplies
Moscow, Oct 31 (IANS) Russia, Ukraine, and the European Commission (EC) have signed an agreement on gas supply and transit conditions until March 2015, media reported Friday.
US body probes India's trade policies under Modi
Washington, Oct 31 (IANS) The US International Trade Commission (USITC) has launched an investigation to examine "significant changes" to India's trade and investment policies since the new Modi government came to power.

Latest from the Network

Ariana Grande and Big Sean take next step
Ariana Grande and Big Sean are reportedly taking their relationship to the next level. The 26-year-old rapper is keen to take his girlfriend back to his hometown of Detroit, Michigan. A source told HollywoodLife.com: ''...
Read more on Celebrity Balla
Kerry cites Modi visit to show new diplomatic challenges
Washington, Oct 31 (IANS) Citing Prime Minister Narendra Modi's US visit, Secretary of State John Kerry says US diplomacy faces new challenges in a globalised world with countries "flexing their muscles and...
Read more on Politics Balla
Kaka to debut for Orlando City in a friendly
Rio de Janeiro, Oct 31 (IANS) Kaka is set to make his debut for Orlando City in a January friendly against Brazilian giants Flamengo, media reports said. The match has been scheduled for Jan 28 at the Arena Amazonia...
Read more on Sport Balla
Israel recalls ambassador after Sweden recognises Palestinian state
Jerusalem, Oct 31 (IANS) Israel recalled its ambassador to Sweden Thursday to protest the Scandinavian country's decision to recognise a Palestinian state, an Israeli foreign ministry source said. Yitzhak Bachman,...
Read more on Politics Balla
Cincinnati Reds Exercise $10.5M Club Option for Johnny Cueto
The Cincinnati Reds exercised a club option for ace pitcher Johnny Cueto for the 2015 MLB season on Oct. 30.According to MLB.com's Mark Sheldon, the club option is worth $10.5 million. The Reds also declined to exercise...
Read more on Sport Balla
'Big Hero 6' co-director loved Marvel comics as kid
Los Angeles, Oct 31 (IANS) Don Hall, the co-director of "Big Hero 6" -- a big screen adventure about the bond between a boy and his robot, says during his childhood, he was a fan of the eponymous Marvel comics, which...
Read more on Celebrity Balla
Australia to lift sanctions on Fiji
Sydney, Oct 31 (IANS) Australia's Foreign Minister Julie Bishop announced Friday that her government was lifting sanctions on Fiji that have been in place since the 2006 military coup in the country. "As I depart for...
Read more on Business Balla
Taylor Swift: I want to write poetry
Taylor Swift would love to write poetry. The 24-year-old - who has penned hit tracks like 'Red' and 'I Knew You Were Trouble' - has admitted that she'd like to try writing for other mediums. She told Associated Press...
Read more on Celebrity Balla
Jennifer Garner loves Ben Affleck's 'sexy' Batman voice
Jennifer Garner loves Ben Affleck's Batman voice. The 42-year-old actor plays the superhero in 'Batman v Superman: Dawn of Justice' and his wife of nine years admits she thinks the voice he uses is ''sexy''. She told...
Read more on Celebrity Balla
Reese Witherspoon hates 'likeable' tag
Reese Witherspoon hates being ''likeable''. The 'Water For Elephants' star dislikes when people brand her in that way because it affects which acting roles she is given. She told the New York Times newspaper: ''I've sat...
Read more on Celebrity Balla