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March 01, 2023
Take a look at the following stocks: Terminix Global Holdings, Inc., First Horizon Corporation, Umpqua Holdings Corporation and others showed higher volumes than usual.
Here's an update with information from the last trading session: Leading equity indices in the US declined as Nasdaq lost 0.66% and ended the session at 11,379. S&P 500 was down 0.47% before closing the session at 3,951.39.
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
During today's session, Terminix Global Holdings, Inc. toiled and struggled for upward momentum before closing at $37.87. By the close, the the residential and commercial pest control provider suffered a 19 cents or 0.5% loss.
Terminix had a compelling day today, with 25.88 million shares traded helping the company surpass its average daily volume by 482%.
First Horizon Corporation | 992% higher than rolling average
This year has been a gloomy one for the bank holding company after trading as high as $24.88 and going on to lose 8.56% of its value. The company is currently trading with a market cap of $11.88 billion with an average daily volume of 5.72 million shares.
Trading volume was 56.76 million shares today — beating the daily average by a mammoth 992%.
Umpqua Bank | 1,000% higher than rolling average
The financial holding company is now trading 12.05% below its 3-month high of $21.35. Currently, the financial holding company has a market capitalization of $3.83 billion with an average daily trading volume of 2.48 million shares.
Umpqua Bank outpaced its average daily trading volume (2.48 million) with 24.81 million shares traded today.
— Average trading volume refers to a 21-day rolling average.
