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June 23, 2023
Kaltura, Inc., Terminix Global Holdings, Inc., Erie Indemnity Company had the highest volumes today.
Here's an update with information from the last trading session: Leading equity indices in the US declined as S&P 500 shed 0.77% and closed at 4,348.33. After dropping 1%, Nasdaq closed at 13,500.
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.
Kaltura | 1,965% higher than rolling average
Kaltura, Inc. had a compelling day today, with 9.22 million shares traded helping the company surpass its average daily volume by 1,965%.
Kaltura hit a significant low of $1.58 around a month ago, but has since recovered 37.34%.
Terminix | 482% higher than rolling average
Today's trading volume was 25.88 million shares (surpassing the daily average by 482%).
10 months ago the pest control company reached a significant high of $45.66 but has consequently lost 16.64% since then. Trending downwards for around 8 months.
Erie Indemnity | 1,300% above rolling average
The property and casualty insurance business traded as high as $282.39 before shedding 23.47% lower over the past six months. On a negative trend for around a month. Erie Indemnity's market cap is currently $10.95 billion with an average daily trading volume of 139,424 shares.
With 1.81 million shares traded today, Erie Indemnity beat its daily average by 1,300% to cap off a frenetic trading day.
— Average trading volume refers to a 21-day rolling average.
