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June 16, 2023
BWX Technologies, Inc., Terminix Global Holdings, Inc., Graphic Packaging Holding Company and others reached higher-than-usual trading volumes.
Today's session summary: Leading equity indices in the US declined as Nasdaq closed at 13,700, a 0.68% change. S&P 500 lost 0.37% and ended the session at 4,409.59.
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.
BWX Technologies | 1,746% higher than rolling average
BWX Technologies, Inc. had a compelling day today, with 11.33 million shares traded helping the company surpass its average daily volume by 1,746%.
The past 3 months have been positive for the nuclear component supplier as it added 9.72% compared to its 3-month low of $49.29.
BWX Technologies discloses 23 cents per share dividend to be paid on Thursday, June 8th
Terminix | 482% above rolling average
Today's trading volume was 25.88 million shares (surpassing the daily average by 482%).
10 months ago the residential and commercial pest control provider reached a significant high of $45.66 but has consequently lost 16.64% since then. Trending downwards for around 8 months.
Graphic Packaging | 1,634% higher than rolling average
Trading volume was 52.94 million shares today — beating the daily average by a mammoth 1,634%.
Over the past 4 days, the Fortune 500 packaging manufacturer has retreated 2.93% from a noteworthy peak of $26.96. The stock has been trending positively for about 8 months.
Graphic Packaging's board sets quarterly dividend of 10 cents per share to be paid on Wednesday, July 5th; annual dividend yield esimated at 1.54%.
— Average trading volume refers to a 21-day rolling average.
