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March 16, 2023
Terminix Global Holdings, Inc., Credit Suisse Group AG, Univar Solutions Inc. and others reached higher-than-usual trading volumes.
Yesterday's session summary: Leading equity indices in the US declined as after dropping 0.87%, Dow Jones closed at 31,875. After dropping 0.7%, S&P 500 closed at 3,892.
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 yesterday, some stocks reached high volumes. Here is an update.
Terminix | 482% higher than rolling average
Trading volume peaked at 25.88 million shares yesterday, thereby obliterating the daily average of 5.37 million by 482%.
The pest control company traded as high as $46.98 before shedding 13.91% lower over the past six months. Pointing downwards for around 5 months.
Credit Suisse | 1,732% higher than rolling average
Credit Suisse went down to $2.16 (13.94%), adding to its four days of losses. Having set a significant high of $8.25 11 months ago, the Swiss banking juggernaut is trading 69.58% lower. On a negative trend for around a month. The company's market cap currently stands at $8.51 billion with an average daily trading volume of 24.38 million shares.
With 422.26 million shares traded yesterday, Credit Suisse beat its daily average by 1,732% to cap off a frenetic trading day.
Univar Solutions | 1,877% above rolling average
During yesterday's session, Univar Solutions toiled and struggled for upward momentum before closing at $34.7. By the close, the the chemical and ingredients distributor suffered a 21 cents or 0.6% loss.
Yesterday's trading volume peaked at 23.54 million shares, thereby blitzing the daily average of 1.25 million by 1,877%.
— Average trading volume refers to a 21-day rolling average.
