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February 24, 2023
Take a look at the following stocks that showed higher volumes than usual: Terminix Global Holdings, Inc., Enel Américas S.A., Nektar Therapeutics.
Here's an update with information from the last trading session: Leading equity indices in the US declined as after dropping 1.69%, Nasdaq closed at 11,400. After dropping 1.02%, Dow Jones 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 today, some stocks reached high volumes. Here is an update.
Terminix | 482% higher than rolling average
Terminix Global Holdings, Inc. outpaced its average daily trading volume (5.37 million) with 25.88 million shares traded today.
The residential and commercial pest control provider traded as high as $46.98 before shedding 13.42% lower over the past six months. On a negative trend for around 4 months.
Enel Americas | 3,026% above rolling average
During today'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.
Today's trading volume peaked at 32.43 million shares, thereby blitzing the daily average of 1 million by 3,026%.
Nektar Therapeutics | 788% higher than rolling average
Nektar Therapeutics outpaced its average daily trading volume (2.46 million) with 19.40 million shares traded today.
Nektar Therapeutics is scheduled to announce earnings results Monday. The consensus Earnings Per Share estimate is -0.45 and the consensus revenue estimate is $22.61 million.
— Average trading volume refers to a 21-day rolling average.
