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May 04, 2023
The highest trading volumes during yesterday's session were recorded by: Terminix Global Holdings, Inc., Icahn Enterprises L.P., Enel Américas S.A..
Yesterday's session summary: Leading equity indices in the US declined as Dow Jones was down 0.8% before closing the session at 33,400. S&P 500 lost 0.7% and ended the session at 4,090.75.
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%.
Since its 52-week high of $45.78, the pest control company has lost 17.15% over the last twelve months. On a negative trend for around 6 months.
Icahn Enterprises | 793% above rolling average
Icahn Enterprises outpaced its average daily trading volume (1.95 million) with 15.45 million shares traded yesterday.
After hitting an important low of $32.57 approximately a day ago, the diversified holding company has bounced back 23.92% since. Trending downwards for around 2 months.
Icahn Enterprises discloses $two per share dividend to be paid on Wednesday, April 19th
Icahn Enterprises is scheduled to announce earnings results tomorrow. The consensus Earnings Per Share estimate is 0.19 and the consensus revenue estimate is $2.56 billion.
Enel Americas | 3,026% higher than rolling average
During yesterday's session, Enel Americas toiled and struggled for upward momentum before closing at $4.81. By the close, the the electric energy company suffered a 24 cents or 4.75% loss.
Enel Americas outpaced its average daily trading volume (1 million) with 32.43 million shares traded yesterday.
— Average trading volume refers to a 21-day rolling average.
