Volume Leaders: K, DKNG, VSCO, UBS, and more

Wall Street’s benchmark averages were mixed on Wednesday afternoon after investors received the latest round of inflation data. Some stocks in particular have noticed increased levels of volume and trading activity.

For reference, high trade volumes directly reflects strong market participation in the stock, which can affect the underlying instrument’s liquidity, volatility, and potential price.

As of 12:00 p.m. EST shares of Kellanova (NYSE:K), DraftKings (NASDAQ:DKNG), Victoria’s Secret & Co. (NYSE:VSCO), UBS Group AG (NYSE:UBS), and Ferrari (RACE) have all observed elevated trading volumes as compared to how they usually trade on a given day. See the below trade volume and price action for the above listed names:

Kellanova (K)

• Current volume of shares exchanged: 35.02M.
• Average daily volume of shares exchanged: 2.59M.
• Intraday Price action: +7.6%.

DraftKings (DKNG)

• Current volume of shares exchanged: 13.12M.
• Average daily volume of shares exchanged: 10.15M.
• Intraday Price action: +4.07%.

Victoria’s Secret & Co. (VSCO)

• Current volume of shares exchanged: 6.25M
• Average daily volume of shares exchanged: 2.86M
• Intraday Price action: +16.9%.

UBS Group AG (UBS)

• Current volume of shares exchanged: 3.69M.
• Average daily volume of shares exchanged: 1.67M.
• Intraday Price action: +5.1%.

Ferrari (RACE)

• Current volume of shares exchanged: 349.3K.
• Average daily volume of shares exchanged: 219.5K.
• Intraday Price action: +4.5%.