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March 19, 2023Terminix Global Holdings, Inc., Starwood Property Trust, Inc., US Foods Holding Corp. 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 Dow Jones was down 1.19% before closing the session at 31,862. S&P 500 closed at 3,916.64, a 1.1% 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.
Terminix | 482% higher than rolling average
The residential and commercial pest control provider has shed 13.91% over the past six months. Pointing downwards for around 5 months. 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 Friday.
Starwood Property | 1,382% above rolling average
Starwood Property had a compelling day Friday, with 47.71 million shares traded helping the company surpass its average daily volume by 1,382%.
The real estate investment company has lost 4.32% over the last 6 days.
Starwood Property discloses 48 cents per share dividend to be paid on Friday, January 13th
US Foods | 1,127% higher than rolling average
US Foods increases 1.39% to close at $35.06 Friday.
Friday's trading volume peaked at 26.18 million shares, thereby blitzing the daily average of 2.32 million by 1,127%.
— Average trading volume refers to a 21-day rolling average.
