Volume Leaders: BABA, PLTR, HRB, and more

U.S. stock market averages inched up on Friday as investors received underwhelming housing data to close out the week. While the Wall Street averages are higher, some stocks specifically have observed 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 2:00 p.m. EST shares of H&R Block (NYSE:HRB), Alibaba Group (NYSE:BABA), Palantir Technologies Inc. (NYSE:PLTR), JD.com (JD), and Ulta Beauty (ULTA) 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:

H&R Block (HRB)

• Current volume of shares exchanged: 5.82M.
• Average daily volume of shares exchanged: 988K.
• Intraday Price action: +13.2%.

Alibaba Group (BABA)

• Current volume of shares exchanged: 19.22M.
• Average daily volume of shares exchanged: 13.96M.
• Intraday Price action: +5.5%.

Palantir Technologies Inc. (PLTR)

• Current volume of shares exchanged: 49.29M
• Average daily volume of shares exchanged: 45M
• Intraday Price action: +3.5%.

JD.com (JD)

• Current volume of shares exchanged: 17.67M.
• Average daily volume of shares exchanged: 10.70M.
• Intraday Price action: +7.3%.

Ulta Beauty (ULTA)

• Current volume of shares exchanged: 2M
• Average daily volume of shares exchanged: 987K
• Intraday Price action: +3.7%.