Economatica canvassed 4,400 stocks traded in US Exchanges, and identified only 12 stocks whose average daily dollar volume was greater than 1 million, has increased this metric each single month from June to October this year, and whose return is positive in this period.
We rank this list by average daily dollar volume, and topping the list we have Eli Lilly & Co (NYSE: LLY), Barrick Gold (NYSE: ABX), and Atlassian Corp (NASDAQ: TEAM). Eli Lilly & Co increased its average daily dollar volume from 289.49 million in June to 571.86 million in October. Barrick Gold increased its average daily dollar volume from 106.50 million in June to 264.95 million in October. And Atlassian Corp increased its average daily dollar volume from 79.12 million in June to 200.24 million in October. These increases represent gains of 98%, 149%, and 153% respectively in daily trading activity.
The top three best performers by return in the period are Marcus Corp (NYSE: MCS), Universal Insurance Hldg (NYSE: UVE), and Eli Lilly & Co (NYSE: LLY) with 35.11%, 34.74% and 32.76% respectively. Higher volatility (annualized) was associated with these higher returns, coming in at 25.14%, 28.33%, and 19.47% respectively.
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