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March 10, 2023Take a look at the following stocks that showed higher volumes than usual: SVB Financial Group, Terminix Global Holdings, Inc., Diversey Holdings, Ltd..
Yesterday's session summary: Leading equity indices in the US declined as Dow Jones lost 1.66% and ended the session at 32,255. After dropping 1.85%, S&P 500 closed at 3,918.32.
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.
SVB Financial Group | 1,500% higher than rolling average
Yesterday's trading volume peaked at 33.20 million shares, thereby blitzing the daily average of 2.23 million by 1,500%.
A day ago, the US banking giant fell to a low of $106.04 but has since recovered 152.57%. On a negative trend for around a month.
Terminix | 482% above rolling average
The residential and commercial pest control provider traded as high as $46.98 before shedding 15.29% lower over the past six months. Pointing downwards for around 5 months. Terminix's market cap is currently $4.60 billion with an average daily volume of 5.37 million shares.
Trading volume peaked at 25.88 million shares yesterday, thereby obliterating the daily average of 5.37 million by 482%.
Diversey | 525% higher than rolling average
Yesterday's trading volume peaked at 26.52 million shares, thereby blitzing the daily average of 5 million by 525%.
The cleaning and hygiene product provider has recovered 102.48% since descending to a significant low of $4.04 around 2 months ago.
— Average trading volume refers to a 21-day rolling average.
