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February 26, 2023The highest trading volumes during Friday's session were recorded by: Cyren Ltd., Terminix Global Holdings, Inc., Enel Américas S.A..
Friday's session summary: Leading equity indices in the US declined as Nasdaq closed at 11,400, a 1.69% change. Dow Jones shed 1.02% and closed at 32,817.
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 Friday, some stocks reached high volumes. Here is an update.
Cyren | 1,217% above rolling average
Having closed Thursday at 21 cents, bullish sentiment helped Cyren Ltd. to reach highs around 59 cents before paring gains and ending Friday at 34 cents.
Cyren had a compelling day Friday, with 29 million shares traded helping the company surpass its average daily volume by 1,217%.
Terminix | 482% above rolling average
The pest control company traded as high as $46.98 before shedding 12.65% lower over the past six months. Trending downwards for around 4 months. Currently, the pest control company has a market capitalization of $4.60 billion with an average daily trading volume of 5.37 million shares.
Terminix had a compelling day Friday, with 25.88 million shares traded helping the company surpass its average daily volume by 482%.
Enel Americas | 3,026% higher than rolling average
With 32.43 million shares traded Friday, Enel Americas beat its daily average by 3,026% to cap off a frenetic trading day.
Enel Americas hit a significant low of $3.88 around 7 months ago, but has since recovered 30.15%.
— Average trading volume refers to a 21-day rolling average.
