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May 31, 2023
Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation led the pack during yesterday's heightened trading volumes.
Yesterday's session summary: Markets completed a mixed session yesterday, as Nasdaq closed the day at 13,017, having gained 0.32%. Dow Jones lost 0.15% and ended the session at 33,043.
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 yesterday, several stocks were actively traded. Here's an update:
Terminix | 482% above rolling average
The residential and commercial pest control provider is now trading 16.64% below the significant high of $45.66 it set around 9 months ago. Trending downwards for around 7 months. With an average daily volume of 5.37 million shares.
With 25.88 million shares traded yesterday, Terminix beat its daily average by 482% to cap off a frenetic trading day.
Enel Americas | 3,026% higher than rolling average
Enel Americas had a compelling day yesterday, with 32.43 million shares traded helping the company surpass its average daily volume by 3,026%.
10 months ago, the electric energy company fell to a low of $3.88 but has since recovered 30.15%.
Umpqua Holdings Corporation | 1,000% higher than rolling average
Umpqua Bank outpaced its average daily trading volume (2.48 million) with 24.81 million shares traded yesterday.
The local business bank reached a significant high of $20.93 around 6 months ago but has lost 15.62% since then. On a negative trend for around 3 months.
— Average trading volume refers to a 21-day rolling average.
