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May 21, 2023
Terminix Global Holdings, Inc., Foot Locker, Inc., Bright Health Group Inc. had the highest volumes Friday.
A recap of Friday's session: Leading equity indices in the US declined as Dow Jones was down 0.33% before closing the session at 33,427. Nasdaq shed 0.24% and closed at 12,658.
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% above rolling average
Terminix Global Holdings, Inc. outpaced its average daily trading volume (5.37 million) with 25.88 million shares traded Friday.
The pest control company has fallen back around 16.64% from the significant high of $45.66 set 9 months ago. On a negative trend for around 7 months.
Foot Locker | 1,052% higher than rolling average
Foot Locker had a compelling day Friday, with 41.12 million shares traded helping the company surpass its average daily volume by 1,052%.
The US sportswear and footwear retailer has shed 23.32% over the past three months.
Foot Locker discloses 40 cents per share dividend to be paid on Friday, April 28th
Bright Health | 839% higher than rolling average
Bright Health outpaced its average daily trading volume (8.25 million) with 69.20 million shares traded Friday.
10 months ago the US health insurance company reached a significant high of $2.08 but has consequently lost 91.3% since then.
— Average trading volume refers to a 21-day rolling average.
