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June 21, 2023
Following yesterday's heightened trading volumes, Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation were the standout stocks.
Here's an update with information from the last trading session: Leading equity indices in the US declined as Dow Jones closed at 34,054, a 0.72% change. After dropping 0.47%, S&P 500 closed at 4,388.71.
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
Having set a significant high of $45.66 10 months ago, the pest control company is trading 16.64% lower. On a negative trend for around 8 months. With an average daily trading volume of 5.37 million shares.
Yesterday's trading volume peaked at 25.88 million shares, thereby blitzing the daily average of 5.37 million by 482%.
Enel Americas | 3,026% above 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 power distribution company suffered a 24 cents or 4.75% loss.
With 32.43 million shares traded yesterday, Enel Americas beat its daily average by 3,026% to cap off a frenetic trading day.
Umpqua Holdings Corporation | 1,000% higher than rolling average
Umpqua Bank had a compelling day yesterday, with 24.81 million shares traded helping the company surpass its average daily volume by 1,000%.
7 months ago the local business bank reached a significant high of $20.93 but has consequently lost 15.62% since then. Trending downwards for around 4 months.
— Average trading volume refers to a 21-day rolling average.
