Take a look at the following stocks: Terminix Global Holdings, Inc., BridgeBio Pharma, Inc., ReWalk Robotics Ltd. and others showed higher volumes than usual.
Here's an update with information from the last trading session: Markets did not have a clear cut direction — Dow Jones gained 0.12% and closed at 33,431. Nasdaq closed 11,676 after a stable day.
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 yesterday, several stocks were actively traded. Here's an update:
Terminix | 482% higher than rolling average
Over the past 10 months, the residential and commercial pest control provider has retreated 19% from a noteworthy peak of $46.98. On a negative trend for around 5 months. Terminix is currently trading with a market cap of $4.60 billion with an average daily trading volume of 5.37 million shares.
Terminix outpaced its average daily trading volume (5.37 million) with 25.88 million shares traded yesterday.
BridgeBio Pharma | 933% above rolling average
Yesterday's trading volume peaked at 29.88 million shares, thereby blitzing the daily average of 3.20 million by 933%.
The clinical-stage biotechnology company is now trading 34.2% below the significant high of $16.52 it set around a day ago.
ReWalk Robotics | 1,132% higher than rolling average
Bullish sentiment helped the gait training medical device company to hammer out a noteworthy 78 cents to 89 cents range yesterday, and finally closing at 81.62 cents to end the session.
Trading volume peaked at 2.77 million shares yesterday, thereby obliterating the daily average of 245,016 by 1,132%.
— Average trading volume refers to a 21-day rolling average.