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May 23, 2023
The following stocks (Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation) are reaching higher-than-usual volumes.
A short overview of the current market situation: Markets don't have a clear cut direction — S&P 500 trades at 4,184.37 after losing 0.2%. Nasdaq is relatively flat, trades at 12,700.
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%
The residential and commercial pest control provider reached a significant high of $45.66 around 9 months ago but has lost 16.64% since then. On a negative trend for around 7 months. With an average daily trading 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%
A hectic day for Enel Americas, surpassing its average daily volume by 3,026% to reach 32.43 million.
Enel Americas hit a significant low of $3.88 around 10 months ago, but has since recovered 30.15%.
Umpqua Bank | 24.81 million traded volume so far today exceeding the daily average by 1,000%
Umpqua Bank is having an eventful day so far, currently at 24.81 million and outpacing its average daily volume by 1,000%.
Approximately 6 months ago, the local business bank reached a significant high of $20.93 but has struggled to hold onto its gains and declined 15.62% since then. Pointing downwards for around 3 months.
— Average trading volume refers to a 21-day rolling average.
