A high trading volume indicates high buying pressure if the stock is moving higher, or high selling pressure if the stock is moving lower.
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Oil prices have dipped below $100 for the first time since mid-March, causing stocks associated with the sector to fall.
Brent crude oil fell 4.36% to $98.30, while WTI (West Texas Intermediary) fell 4.22% to $94.11. Crude prices have been on an unprecedented rally since February, when Russia invaded Ukraine, pushing prices to levels unseen since 2014.
Gainers
Clever Leaves Holdings Inc. (NASDAQ: CLVR) shares surged 143% to settle at $3.84 on Friday after the company reported better-than-expected Q4 sales results and reaffirmed FY22 guidance.
Someone with a lot of money to spend has taken a bearish stance on Southwestern Energy (NYSE:SWN).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.