Session Recap: Viewing Unusual Volume for These Stocks: Cotiviti Holdings, Inc. (NYSE:COTV) and Daqo New Energy Corp. (NYSE:DQ)

Cotiviti Holdings, Inc. (NYSE:COTV) shares are seeing unusual volume mid-trading session today.  While the stock price moved along with the volume change, shares are touching $37.04.  The day’s total volume of 2364122 this morning is in contrast from the three-month daily average of 342.98K.  When we divide the current volume by the three-month average volume, we get a relative volume of 8.10.

Cotiviti Holdings, Inc. (NYSE:COTV)‘s market cap, the total dollar value of all of their outstanding shares, is 3419.25m.  Including today’s unusual volume, Cotiviti Holdings, Inc.‘s stock is performing at 10.23% on the year.  For the week, the stock is performing -11.92%.  Over the past month the firm’s stock is -4.29%, -0.21% for the last quarter, 8.87% for the past six-months and 57.54% for the last year.

Current levels places Cotiviti Holdings, Inc. (NYSE:COTV)’s stock about -19.43% from the 50-day high and 4.78% away from the 50-day low.  

Investors are on alert as Daqo New Energy Corp. (NYSE:DQ)’s stock is experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $26.60.  The day’s total volume of 392434 this morning is in contrast from the three-month daily average of 92.03K. 

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

Daqo New Energy Corp. (NYSE:DQ)‘s market cap, the total dollar value of all of their outstanding shares, is 282.64m.  Including today’s unusual volume, Daqo New Energy Corp.‘s stock is performing at 52.07% on the year.  For the week, the stock is performing 15.73%.  Over the past month the firm’s stock is 43.87%, 48.91% for the last quarter, 22.04% for the past six-months and 19.16% for the last year.

Current levels places Daqo New Energy Corp. (NYSE:DQ)’s stock about -13.64% from the 50-day high and 40.00% away from the 50-day low.  

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