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May 14, 2023
Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation had the highest volumes Friday.
Friday's session summary: Leading equity indices in the US declined as Nasdaq shed 0.35% and closed at 12,300. S&P 500 was down 0.16% before closing the session at 4,124.
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.
Terminix | 482% higher than rolling average
The residential and commercial pest control provider has fallen back around 16.64% over the past 9 months, from a notable high of $45.66. Trending downwards for around 7 months. With an average daily trading volume of 5.37 million shares.
Terminix outpaced its average daily trading volume (5.37 million) with 25.88 million shares traded Friday.
Enel Americas | 3,026% higher than rolling average
During Friday'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 had a compelling day Friday, with 32.43 million shares traded helping the company surpass its average daily volume by 3,026%.
Umpqua Bank | 1,000% higher than rolling average
The financial holding company has fallen back around 15.62% from the significant high of $20.93 set 6 months ago. Pointing downwards for around 3 months. Umpqua Holdings Corporation's market cap is currently $3.83 billion with an average daily volume of 2.48 million shares.
With 24.81 million shares traded Friday, Umpqua Bank beat its daily average by 1,000% to cap off a frenetic trading day.
— Average trading volume refers to a 21-day rolling average.
