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June 06, 2023
The highest volumes today go to: Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation.
A quick recap: Markets are mixed with Nasdaq goes up 0.2%, trading at 13,256. Dow Jones drawing back 0.13% to 33,518.
Why trading volume matters?
Trading volume is simply the total number of shares traded including both buy and sell orders. If a stock has appreciated on high volume, it is more likely to be a sustained move compared to an appreciation with low volume. Typically, high volume trading sessions are considered significant occurrences and closely watched by traders.
While trading was mostly flat yesterday, some stocks are at high volumes. Check them out.
Terminix | 25.88 million traded volume so far today exceeding the daily average by 482%
Terminix Global Holdings, Inc. is having an eventful day so far, currently at 25.88 million and outpacing its average daily volume by 482%.
Approximately 9 months ago, the residential and commercial pest control provider reached a significant high of $45.66 but has struggled to hold onto its gains and declined 16.64% since then. Pointing downwards for around 8 months.
Enel Americas | 32.43 million traded volume so far today exceeding the daily average by 3,026%
Enel Americas is having an eventful day so far, currently at 32.43 million and outpacing its average daily volume by 3,026%.
Enel Americas hit a significant low of $3.88 around 10 months ago, but has since recovered 30.15%.
Umpqua Holdings Corporation | 1,000% higher than average
Having soared to a high of $20.93 approximately 6 months ago, the local business bank is now trading 15.62% lower. Trending downwards for around 3 months. Currently, the financial holding company has a market capitalization of $3.83 billion with an average daily volume of 2.48 million shares.
A blockbuster trading session for Umpqua Bank, eclipsing its average daily volume by 1,000% and recording 24.81 million.
— Average trading volume refers to a 21-day rolling average.
