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June 22, 2023
The following stocks (Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation) are reaching higher-than-usual volumes.
What is happening with the market now? Markets are mixed with Nasdaq up 0.42%, trading at 13,559. Dow Jones trades at 33,883 after losing 0.2%.
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%
Approximately 10 months ago, the pest control company reached a significant high of $45.66 but has struggled to hold onto its gains and declined 16.64% since then. Trending downwards for around 8 months. With an average daily volume of 5.37 million shares.
A blockbuster trading session for Terminix, eclipsing its average daily volume by 482% and recording 25.88 million.
Enel Americas | 32.43 million traded volume so far today exceeding the daily average by 3,026%
Enel Americas hit a significant low of $3.88 around 11 months ago, but has since recovered 30.15%. With an average daily trading volume of 1 million shares.
A hectic day for Enel Americas, surpassing its average daily volume by 3,026% to reach 32.43 million.
Umpqua Bank | 24.81 million traded volume so far today exceeding the daily average by 1,000%
Umpqua Bank trades at $17.66, after ending yesterday at $17.66.
Umpqua Holdings Corporation is having an eventful day so far, currently at 24.81 million and outpacing its average daily volume by 1,000%.
— Average trading volume refers to a 21-day rolling average.
