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June 27, 2023
Take a look at the following stocks: Terminix Global Holdings, Inc., Mercury Systems, Inc., Enel Américas S.A. and others showed higher volumes than usual.
A recap of yesterday's session: Leading equity indices in the US declined as Nasdaq was down 1.16% before closing the session at 13,336. After dropping 0.45%, S&P 500 closed at 4,328.82.
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
During yesterday's session, Terminix Global Holdings, Inc. toiled and struggled for upward momentum before closing at $37.87. By the close, the the pest control company suffered a 19 cents or 0.5% loss.
Yesterday's trading volume peaked at 25.88 million shares, thereby blitzing the daily average of 5.37 million by 482%.
Mercury | 819% higher than rolling average
Mercury outpaced its average daily trading volume (785,940) with 6.44 million shares traded yesterday.
Mercury Systems hit a significant low of $31.5 around a day ago, but has since recovered 10.7%.
Enel Americas | 3,026% higher than rolling average
Yesterday's trading volume was 32.43 million shares (surpassing the daily average by 3,026%).
The electric power distribution company has recovered 30.15% since descending to a significant low of $3.88 around 11 months ago.
— Average trading volume refers to a 21-day rolling average.
