The opposite was true for low-volume stocks. When past week returns were negative, a drop in volume led to a continuation of negative returns. When the past week’s returns were positive, a drop in volume led to a reversal in…
The opposite was true for low-volume stocks. When past week returns were negative, a drop in volume led to a continuation of negative returns. When the past week’s returns were positive, a drop in volume led to a reversal in…
However, the primary result (as presented in the previous blog post, Part 1) did not hold in the price-winner, high-volume and price-winner, low-volume portfolios. Overall, high volume led to continuation in weekly returns while low volume led to reversal in…
Alsubaie and Najand (2009), from the Department of Public Administration, Saudi Arabia, and Old Dominion University, Norfolk, Virginia, examined the relationship between abnormal changes in trading volume and short-term price behavior in the Saudi stock market. Considering prior research and…