| 
March 19, 2023
A busy day for Cheniere Energy Partners, L.P., Western Midstream Partners, LP, Magellan Midstream Partners, L.P., being the prominent energy stocks displaying higher volumes than usual.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as after dropping 1.19%, Dow Jones closed at 31,862. S&P 500 was down 1.1% before closing the session at 3,916.64.
Why trading volume matters?
Trading volume is simply the total number of shares traded including both buy and sell orders. If a stock has appreciated on high volume, it is more likely to be a sustained move compared to an appreciation with low volume. Typically, high volume trading sessions are considered significant occurrences and closely watched by traders.
Though trading was down Friday, some energy stocks reached high volumes. Here is an update.
Cheniere Energy Partners | 545% above rolling average
Friday's trading volume was 1.94 million shares (surpassing the daily average by 545%).
The LNG provider reached a significant high of $62.08 around 3 months ago but has lost 25.9% since then.
Western Midstream | 603% higher than rolling average
Western Midstream outpaced its average daily trading volume (1.18 million) with 7.12 million shares traded Friday.
The midstream oil and gas company has fallen back around 14.52% from the significant high of $29.48 set 9 months ago. Trending downwards for around 30 days.
Western Midstream discloses 50 cents per share dividend to be paid on Monday, February 13th
Magellan Midstream Partners | 500% above rolling average
Magellan Midstream Partners moves 0.11% to close at $52.6 Friday.
Trading volume peaked at 3.77 million shares Friday, thereby obliterating the daily average of 752,093 by 500%.
— Average trading volume refers to a 21-day rolling average.
