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April 27, 2023
A busy day for Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation, being the prominent stocks displaying higher volumes than usual.
Yesterday's session summary: Markets completed a mixed session yesterday, as Dow Jones closed at 33,300, a 0.68% change. S&P 500 slipped 0.38% and closed at 4,056.
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% above rolling average
The pest control company has fallen back around 19% from the significant high of $46.98 set 11 months ago. On a negative trend for around 6 months. With an average daily volume of 5.37 million shares.
Yesterday's trading volume was 25.88 million shares (surpassing the daily average by 482%).
Enel Americas | 3,026% higher than rolling average
Enel Americas outpaced its average daily trading volume (1 million) with 32.43 million shares traded yesterday.
Enel Americas hit a significant low of $3.88 around 9 months ago, but has since recovered 30.15%.
Umpqua Bank | 1,000% above rolling average
Having set a significant high of $20.93 5 months ago, the local business bank is trading 15.62% lower. Trending downwards for around 2 months. The local business bank's market cap currently stands at $3.83 billion with an average daily trading volume of 2.48 million shares.
Umpqua Holdings Corporation outpaced its average daily trading volume (2.48 million) with 24.81 million shares traded yesterday.
— Average trading volume refers to a 21-day rolling average.
