On June 22, three offshore drilling stocks traded at unusually high volumes, which led to prices rising.
On June 22, Diamond Offshore’s (DO) stock closed at $19.6—7.57% higher than the previous day’s closing price. The company’s trading volume increased to 1.35 million. The stock experienced the most active day of this year. Diamond Offshore’s year-to-date trading volume average is 423,000. The volume of a stock traded is the number of shares that changed hands in a particular period.
Ensco’s (ESV) stock closed at $6.35—6.19% higher than the previous day’s closing price. Ensco’s trading volume on June 22 increased to 41.7 million—its highest level this year. Ensco’s year-to-date trading volume average is 3.06 million.
Rowan Companies’ (RDC) stock closed at $15.23—8.01% higher than the previous day’s closing price. Rowan Companies also had its most active trading day on June 22. 2.25 million shares were traded, compared to the year-to-date average volume of 776,000.