Traders are flocking around Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation and others; check out these stocks that are displaying higher than typical trading volumes.
A quick recap: Markets are mixed with Nasdaq slipping 0.27% and closing at 12,056. Dow Jones up 0.16%, trading at 33,538.
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 Thursday, 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 down to $37.87, after ending Thursday at $38.06. Overall, a 0.5% loss or 19 cents today.
A hectic day for Terminix, surpassing its average daily volume by 482% to reach 25.88 million.
Enel Americas | trading volume soars 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.
Enel Americas is having an eventful day so far, currently at 32.43 million and outpacing its average daily volume by 3,026%.
Umpqua Holdings Corporation | 24.81 million traded volume so far today exceeding the daily average by 1,000%
The local business bank has fallen back around 15.62% from the significant high of $20.93 set 4 months ago. Trending downwards for around 2 months. Currently, the financial holding company has a market capitalization of $3.83 billion with an average daily trading volume of 2.48 million shares.
A blockbuster trading session for Umpqua Holdings Corporation, eclipsing its average daily volume by 1,000% and recording 24.81 million.
— Average trading volume refers to a 21-day rolling average.