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March 18, 2023
Terminix Global Holdings, Inc., Fair Isaac Corporation, Starwood Property Trust, Inc. and others reached higher-than-usual trading volumes.
Yesterday's session summary: Leading equity indices in the US declined as Dow Jones lost 1.19% and ended the session at 31,862. After dropping 1.1%, S&P 500 closed at 3,916.64.
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
The residential and commercial pest control provider has shed 13.91% over the past six months. Trending downwards for around 5 months. With an average daily volume of 5.37 million shares.
Yesterday's trading volume was 25.88 million shares (surpassing the daily average by 482%).
Fair Isaac | 1,560% above rolling average
Yesterday's trading volume peaked at 3.10 million shares, thereby blitzing the daily average of 199,022 by 1,560%.
The US "analytics decisioning" platform has fallen back around 3.58% from the significant high of $705.23 set 15 days ago. The stock has been trending positively for about 3 months.
Starwood Property | 1,382% above rolling average
Starwood Property went down to $16.74 (3.18%), adding to its six days of losses. The US REIT has lost 4.32% over the last 5 days. Starwood Property's market cap is currently $5.36 billion with an average daily trading volume of 3.45 million shares.
Starwood Property outpaced its average daily trading volume (3.45 million) with 47.71 million shares traded yesterday.
— Average trading volume refers to a 21-day rolling average.
