As could be expected due to the shortened session following the Thanksgiving holiday, volumes were very light on Friday. For the S&P 500 (SPY) which declined 40 bps, volumes on Friday were just 62.7% of the 50-day average. In the S&P 1500, there were just 32 stocks that saw above-average volumes.  Below is a snapshot of them from our Biggest Movers tool, which traders use daily to see the S&P 1500 stocks that rose and fell the most, the highest/lowest volumes relative to their 50-DMAs, and overbought and oversold levels.

Of the 32 stocks that saw above-average volumes on Friday, Tech Data (TECD) rose the most with a 12.32% gain. It was also the best performing stock of the entire S&P 1500 index on Friday. Arlo Technologies (ARLO) also surged on Friday rising more than 8%. While TECD is now extremely overbought with this move, ARLO is not even one standard deviation from its 50-DMA as it was coming off of extremely oversold levels. On the other hand, RLI (RLI) fell the most of the stocks that saw above-average volumes. While TECD was the best stock in the index, RLI was the fourth worst.  Most other high volume stocks on Friday experienced more modest price changes.

While RLI and TECD were some of the biggest movers, they also saw elevated volumes of double or more their 50-day average. Other stocks that saw similarly elevated volumes include: S&T Bancorp (STBA), Simmons First National (SFNC), Oritani Financial (ORIT), Daktronics (DAKT), WR Berkley (WRB), Valley National Bancorp (VLY), and Central Garden & Pet (CENTA).