Equities

S&P 500 Price Volume Analysis: August-15-2016

sp500-volume-%-moversAlthough today’s stock markets made new highs, volume was weak. The S&P 500’s relative strength was extremely strong at 99 as the benchmark index closed @ 2190.15  (+6.10/+0.28%), but volume for its exchange traded fund, the SPY, was -47% less than its average daily volume. Only five out of the S&P 500’s top twenty volume percent changers exceeded 100% and just two were above 200%.

In terms of price percentage change, Chesapeake Energy (CHK) was the lone standout, surging +9.56% to a 13-day high in price as the company seeks $1 billion in mid-term financing through Goldman Sachs and Citigroup to tender offers on existing unsecured notes. Dollar-volume liquidity in Chesapeake was slightly more than 10% of its total market capitalization value. Almost 23% of the company’s float is short and would require 3 days of trading to cover based upon its average daily trading volume. Call options for the August-2016 strike price at $50 were also heavily traded.

(Please see our price volume analysis performance table below.)

 


Top 20 Stocks by Volume Change Percentage

RS Last Net Chg % Chg S&P 500 Top Volume Dollars Vol (1mm) $-Vol (1mm) Vol %Chg
79 78.54 0.69 0.89% Starwood Hotels & Resorts Worldwide (HOT) 4.56 $358.10 242.08%
83 78.92 -2.71 -3.32% Salesforce.Com Inc (CRM) 10.89 $859.19 208.36%
99 266.50 2.35 0.89% Lockheed Martin Corp (LMT) 9.52 $2,536.31 183.58%
89 52.18 -0.03 -0.06% Sysco Corp (SYY) 8.57 $447.36 139.24%
36 68.33 -0.82 -1.19% Davita Healthcare Partners Inc (DVA) 2.17 $148.61 101.25%
50 5.50 0.48 9.56% Chesapeake Energy Corp (CHK) 75.37 $414.54 89.09%
96 82.77 -0.10 -0.12% TJX Companies (TJX) 5.58 $461.92 88.08%
52 167.76 1.76 1.06% Advance Auto Parts Inc (AAP) 1.85 $311.15 84.49%
59 81.81 -1.44 -1.73% Verisign Inc (VRSN) 1.36 $111.00 78.21%
74 69.44 1.16 1.70% K L A-Tencor Corp (KLAC) 2.09 $145.03 72.74%
99 62.98 -0.06 -0.10% Nvidia Corporation (NVDA) 16.47 $1,037.49 69.02%
99 50.32 1.87 3.86% Xylem Inc Common Stock New Whe (XYL) 1.82 $91.52 61.73%
74 76.24 -2.55 -3.24% Consolidated Edison Company of New York (ED) 3.17 $241.52 61.30%
92 150.37 2.16 1.46% L-3 Communications Holdings (LLL) 0.91 $137.40 58.93%
25 23.97 0.70 3.01% Juniper Networks (JNPR) 4.98 $119.26 56.87%
50 153.64 0.12 0.08% Snap-On Inc (SNA) 0.69 $106.36 49.35%
91 66.61 0.16 0.24% Cerner Corp (CERN) 3.17 $211.44 48.96%
40 52.96 1.58 3.08% Nordstrom (JWN) 5.85 $309.60 47.67%
31 40.46 0.64 1.61% Macy’s Inc (M) 11.20 $453.02 47.65%
91 96.26 -0.02 -0.02% Dollar Tree Inc (DLTR) 2.37 $227.85 47.49%

 

Signing off at Hillbent…

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