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February 28, 2023Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation and others reached higher-than-usual trading volumes.
Today's session summary: Leading equity indices in the US declined as Dow Jones shed 0.71% and closed at 32,657. S&P 500 lost 0.3% and ended the session at 3,970.
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% above rolling average
Trading volume was 25.88 million shares today — beating the daily average by a mammoth 482%.
The pest control company has fallen back around 19% over the past 10 months, from a notable high of $46.98. Pointing downwards for around 4 months.
Enel Americas | 3,026% higher than rolling average
The electric energy company is now trading 30.15% above the significant low ($3.88) it slumped to 7 months ago. With an average daily trading volume of 1 million shares.
Today's trading volume peaked at 32.43 million shares, thereby blitzing the daily average of 1 million by 3,026%.
Umpqua Holdings Corporation | 778% above rolling average
Trading volume peaked at 19.33 million shares today, thereby obliterating the daily average of 2.48 million by 778%.
The financial holding company has shed 10.91% over the past three months.
Umpqua Holdings Corporation discloses 21 cents per share dividend to be paid on Monday, February 6th
— Average trading volume refers to a 21-day rolling average.
