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February 25, 2023The highest trading volumes during yesterday's session were recorded by: Cyren Ltd., Terminix Global Holdings, Inc., Enel Américas S.A..
Yesterday's session summary: Leading equity indices in the US declined as Nasdaq lost 1.69% and ended the session at 11,400. Dow Jones slipped 1.02% and closed at 32,817.
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 yesterday, some stocks reached high volumes. Here is an update.
Cyren | 1,217% above rolling average
Cyren Ltd. had a compelling day yesterday, with 29 million shares traded helping the company surpass its average daily volume by 1,217%.
Having soared to a high of $10.41 approximately 11 months ago, the internet security technology company is now trading 98% lower.
Terminix | 482% above rolling average
Trading volume peaked at 25.88 million shares yesterday, thereby obliterating the daily average of 5.37 million by 482%.
The pest control company has shed 14.59% over the past six months. Trending downwards for around 4 months.
Enel Americas | 3,026% higher than rolling average
Having set a significant low of $3.88 7 months ago, the electric energy company is trading 30.15% higher. 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 yesterday.
— Average trading volume refers to a 21-day rolling average.
