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June 25, 2023
Kaltura, Inc., Terminix Global Holdings, Inc., Regal Beloit Corporation and others reached higher-than-usual trading volumes.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as S&P 500 was down 0.77% before closing the session at 4,348.33. Nasdaq closed at 13,500, a 1% change.
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.
Though trading was down Friday, some stocks reached high volumes. Here is an update.
Kaltura | 1,017% higher than rolling average
Kaltura, Inc. hit a significant low of $1.58 around a month ago, but has since recovered 37.34%. Kaltura's market cap currently stands at $291.92 million with an average daily trading volume of 906,094 shares.
Trading volume peaked at 9.22 million shares Friday, thereby obliterating the daily average of 906,094 by 1,017%.
Terminix | 482% above rolling average
Friday's trading volume was 25.88 million shares (surpassing the daily average by 482%).
Having set a significant high of $45.66 10 months ago, the residential and commercial pest control provider is trading 16.64% lower. Pointing downwards for around 8 months.
Regal Rexnord | 939% above rolling average
Regal Rexnord ended Thursday at $207.95. Friday it went up to $212.84 only to drop back, yet still managed to close at $209.04.
With 3.68 million shares traded Friday, Regal Rexnord beat its daily average by 939% to cap off a frenetic trading day.
— Average trading volume refers to a 21-day rolling average.
