The following stocks experienced higher volumes than usual including Terminix Global Holdings, Inc., Braskem S.A., Enel Américas S.A. and others.
Yesterday's session summary: Markets completed a mixed session yesterday, as Dow Jones lost 0.17% and ended the session at 33,619. Nasdaq closed the day at 12,257, having gained 0.18%.
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
Terminix Global Holdings, Inc. outpaced its average daily trading volume (5.37 million) with 25.88 million shares traded yesterday.
Over the past 8 months, the residential and commercial pest control provider has retreated 16.64% from a noteworthy peak of $45.66. Pointing downwards for around 7 months.
Braskem SA ADR | 705% higher than rolling average
Braskem SA ADR outpaced its average daily trading volume (1.50 million) with 10.54 million shares traded yesterday.
Latin America's largest petrochemical company is up 45.79% from the significant low of $6.29 it hit a month ago.
Enel Americas | 3,026% higher than rolling average
During yesterday'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.
Enel Americas outpaced its average daily trading volume (1 million) with 32.43 million shares traded yesterday.
— Average trading volume refers to a 21-day rolling average.