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May 01, 2023
A busy day for Terminix Global Holdings, Inc., UroGen Pharma Ltd., Enel Américas S.A., being the prominent stocks displaying higher volumes than usual.
A quick recap of where the last trading session ended: Markets did not have a clear cut direction — Dow Jones was down 0.14% before closing the session at 34,052. Nasdaq closed 12,200 after a stable day.
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.
While trading was mostly sideways today, several stocks were actively traded. Here's an update:
Terminix | 482% above rolling average
Today's trading volume was 25.88 million shares (surpassing the daily average by 482%).
Terminix has shed $8.02 points and is languishing 17.4% lower over the past year, leaving its yearly highs around $46 in the rear-view mirror. Pointing downwards for around 6 months.
UroGen Pharma | 700% above rolling average
Trading volume was 1.83 million shares today — beating the daily average by a mammoth 700%.
Having set a significant high of $12.46 4 days ago, the biotechnology company is trading 7% lower. The stock has been trending positively for about a month.
UroGen Pharma is scheduled to announce earnings results Monday. The consensus Earnings Per Share estimate is -1.33 and the consensus revenue estimate is $17.18 million.
Enel Americas | 3,026% above rolling average
The electric energy company is up 30.15% from the significant low of $3.88 it hit 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.
— Average trading volume refers to a 21-day rolling average.
