The following stocks (Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation) are reaching higher-than-usual volumes.
What is happening with the market now? The leading indices are slipping — Nasdaq slipping 0.37% and closing at 12,100. Dow Jones drawing back 0.13% to 33,944.
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 are currently at high volumes. Here is an update.
Terminix | currently blitzing its average daily volume by 482%
A blockbuster trading session for Terminix Global Holdings, Inc., eclipsing its average daily volume by 482% and recording 25.88 million.
The residential and commercial pest control provider is now trading 19% below the significant high of $46.98 it set around 11 months ago. Pointing downwards for around 6 months.
Enel Americas | 32.43 million traded volume so far today exceeding the daily average by 3,026%
Enel Americas is down to $4.81, after ending yesterday at $5.05. Overall, a 4.75% loss or 24 cents today.
A hectic day for Enel Americas, surpassing its average daily volume by 3,026% to reach 32.43 million.
Umpqua Bank | 1,000% improvement so far today
Approximately 5 months ago, the financial holding company reached a significant high of $20.93 but has struggled to hold onto its gains and declined 15.62% since then. On a negative trend for around 2 months. The company is currently trading with a market cap of $3.83 billion with an average daily volume of 2.48 million shares.
A hectic day for Umpqua Bank, surpassing its average daily volume by 1,000% to reach 24.81 million.
— Average trading volume refers to a 21-day rolling average.