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May 12, 2023
The highest trading volumes during today's session were recorded by: Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation.
Here's an update with information from the last trading session: Leading equity indices in the US declined as Nasdaq closed at 12,300, a 0.35% change. After dropping 0.16%, S&P 500 closed 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 today, some stocks reached high volumes. Here is an update.
Terminix | 482% higher than 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 pest control company 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%.
Enel Americas | 3,026% higher than rolling average
The electric power distribution company is now trading 30.15% above the significant low ($3.88) it slumped to 9 months ago. With an average daily trading volume of 1 million shares.
Enel Americas outpaced its average daily trading volume (1 million) with 32.43 million shares traded today.
Umpqua Holdings Corporation | 1,000% above rolling average
The financial holding company is now trading 15.62% below the significant high of $20.93 it set around 6 months ago. Pointing downwards for around 3 months. The financial holding company's market cap currently stands at $3.83 billion with an average daily 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.
