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March 08, 2023The highest trading volumes during yesterday's session were recorded by: Terminix Global Holdings, Inc., Umpqua Holdings Corporation, Enel Américas S.A..
A quick recap of where the last trading session ended: Leading equity indices in the US declined as Dow Jones lost 1.72% and ended the session at 32,856. S&P 500 was down 1.53% before closing the session at 3,986.37.
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.
Terminix | 482% above rolling average
Terminix Global Holdings, Inc. had a compelling day yesterday, with 25.88 million shares traded helping the company surpass its average daily volume by 482%.
The residential and commercial pest control provider traded as high as $46.98 before shedding 13.14% lower over the past six months. Trending downwards for around 5 months.
Umpqua Bank | 1,000% above rolling average
Umpqua Bank closed a flat day of trading at $17.66 yesterday after ending Monday at $17.66.
Trading volume was 24.81 million shares yesterday — beating the daily average by a mammoth 1,000%.
Enel Americas | 3,026% higher than rolling average
With 32.43 million shares traded yesterday, Enel Americas beat its daily average by 3,026% to cap off a frenetic trading day.
7 months ago, the electric energy company fell to a low of $3.88 but has since recovered 30.15%.
— Average trading volume refers to a 21-day rolling average.
