Erratic Trading Showing Unusual Volume in Shares of Northern Oil and Gas, Inc. (:NOG) and Avis Budget Group, Inc. (NASDAQ:CAR)

Shares of Northern Oil and Gas, Inc. (:NOG) are experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $1.00 at the time of writing.  The day’s total volume of 2431230 this morning is in contrast from the three-month daily average of 994.48K.  When we divide the current volume by the three-month average volume, we get a relative volume of 2.87.

Why is this important?

Trading volume is a hugely important consideration for any investor.  By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock. 

Looking Back

Northern Oil and Gas, Inc. (:NOG)‘s market cap, the total dollar value of all of their outstanding shares, is 60.67m.  Including today’s unusual volume, Northern Oil and Gas, Inc.‘s stock is performing at -63.64% on the year.  For the week, the stock is performing -20.00%.  Over the past month the firm’s stock is -20.00%, -54.55% for the last quarter, -70.59% for the past six-months and -74.09% for the last year.

Current levels places Northern Oil and Gas, Inc. (:NOG)’s stock about -44.44% from the 50-day high and 0.00% away from the 50-day low.  

Avis Budget Group, Inc. (NASDAQ:CAR) stock is experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $30.29.  The day’s total volume of 11494196 this morning is in contrast from the three-month daily average of 3791.93K.  When we divide the current volume by the three-month average volume, we get a relative volume of 3.56.

Looking Back

Avis Budget Group, Inc. (NASDAQ:CAR)‘s market cap, the total dollar value of all of their outstanding shares, is 2861.52m.  Including today’s unusual volume, Avis Budget Group, Inc.‘s stock is performing at -8.97% on the year.  For the week, the stock is performing 8.48%.  Over the past month the firm’s stock is 16.71%, 21.86% for the last quarter, -9.36% for the past six-months and -12.96% for the last year.

Current levels places Avis Budget Group, Inc. (NASDAQ:CAR)’s stock about -10.98% from the 50-day high and 46.26% away from the 50-day low.  

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