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April 05, 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 slipping 1.28% and closing at 11,971. S&P 500 drawing back 0.43% to 4,083.
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 | 482% higher than average
Terminix Global Holdings, Inc. is having an eventful day so far, currently at 25.88 million and outpacing its average daily volume by 482%.
Having soared to a high of $46.98 approximately 11 months ago, the pest control company is now trading 19% lower. Trending downwards for around 5 months.
Enel Americas | currently blitzing its average daily volume by 3,026%
Enel Americas hit a significant low of $3.88 around 8 months ago, but has since recovered 30.15%. With an average daily 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 | trading volume soars by 1,000%
Approximately 4 months ago, the financial holding company reached a significant high of $20.93 but has struggled to hold onto its gains and declined 15.62% since then. On a negative trend for around a month. Umpqua Bank's market cap is currently $3.83 billion with an average daily trading 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.
