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April 16, 2023
Take a look at the following stocks: Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation and others showed higher volumes than usual.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as Dow Jones shed 0.42% and closed at 33,900. Nasdaq lost 0.35% and ended the session at 12,123.
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
Friday's trading volume peaked at 25.88 million shares, thereby blitzing the daily average of 5.37 million by 482%.
The pest control company is now trading 19% below the significant high of $46.98 it set around 11 months ago. Trending downwards for around 6 months.
Enel Americas | 3,026% higher than rolling average
Friday's trading volume was 32.43 million shares (surpassing the daily average by 3,026%).
9 months ago, the electric power distribution company fell to a low of $3.88 but has since recovered 30.15%.
Umpqua Holdings Corporation | 1,000% above rolling average
Umpqua Holdings Corporation had a compelling day Friday, with 24.81 million shares traded helping the company surpass its average daily volume by 1,000%.
Approximately 5 months ago, the financial holding company reached a significant high of $20.93 but has struggled to hold onto its gains and declined 15.62% since then. On a negative trend for around 2 months.
Umpqua Bank discloses 21 cents per share dividend to be paid on Monday, February 6th
Umpqua Holdings Corporation is scheduled to announce earnings results Wednesday. The consensus Earnings Per Share estimate is 0.36 and the consensus revenue estimate is $356.7 million.
— Average trading volume refers to a 21-day rolling average.
