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February 22, 2023
Terminix Global Holdings, Inc., Enel Américas S.A., Abiomed and others reached higher-than-usual trading volumes.
A recap of yesterday's session: Leading equity indices in the US declined as Dow Jones shed 2.06% and closed at 33,130. S&P 500 was down 2% before closing the session at 3,997.34.
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% above rolling average
The residential and commercial pest control provider has shed 13.38% over the past six months. Trending downwards for around 4 months. Terminix's market cap is currently $4.60 billion with an average daily volume of 5.37 million shares.
Terminix outpaced its average daily trading volume (5.37 million) with 25.88 million shares traded yesterday.
Enel Americas | 3,026% above rolling average
Enel Americas outpaced its average daily trading volume (1 million) with 32.43 million shares traded yesterday.
Enel Americas hit a significant low of $3.88 around 7 months ago, but has since recovered 30.15%.
Abiomed | 506% above rolling average
Abiomed had a compelling day yesterday, with 15.70 million shares traded helping the company surpass its average daily volume by 506%.
The stock has been trending positively for about a month.
— Average trading volume refers to a 21-day rolling average.
