| 
June 07, 2023
Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation and others reached higher-than-usual trading volumes.
A recap of today's session: Markets completed a mixed session today, as after dropping 1.29%, Nasdaq closed at 13,100. S&P 500 shed 0.38% and closed at 4,267.52.
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 sideways today, several stocks were actively traded. Here's an update:
Terminix | 482% above rolling average
Today's trading volume was 25.88 million shares (surpassing the daily average 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. Trending downwards for around 8 months.
Enel Americas | 3,026% above rolling average
During today's session, Enel Americas toiled and struggled for upward momentum before closing at $4.81. By the close, the the electric energy company suffered a 24 cents or 4.75% loss.
Trading volume was 32.43 million shares today — beating the daily average by a mammoth 3,026%.
Umpqua Holdings Corporation | 1,000% higher than rolling average
The financial holding company has fallen back around 15.62% over the past 6 months, from a notable high of $20.93. On a negative trend for around 3 months. Umpqua Bank has a market cap of $3.83 billion with an average daily volume of 2.48 million shares.
With 24.81 million shares traded today, Umpqua Bank beat its daily average by 1,000% to cap off a frenetic trading day.
— Average trading volume refers to a 21-day rolling average.
