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April 06, 2023
Traders are flocking around Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation and others; check out these stocks that are displaying higher than typical trading volumes.
A short overview of the current market situation: The leading indices are pointing up — Nasdaq up 0.63%, trading at 12,072. S&P 500 goes up 0.28%, trading at 4,101.82.
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 up yesterday, some stocks have high volumes. Take a look.
Terminix | 482% improvement so far today
Terminix Global Holdings, Inc. is having an eventful day so far, currently at 25.88 million and outpacing its average daily volume by 482%.
The residential and commercial pest control provider has fallen back around 19% over the past 11 months, from a notable high of $46.98. On a negative trend for around 5 months.
Enel Americas | trading volume jumps 3,026% in busy day so far
Enel Americas hit a significant low of $3.88 around 8 months ago, but has since recovered 30.15%. With an average daily volume of 1 million shares.
A hectic day for Enel Americas, surpassing its average daily volume by 3,026% to reach 32.43 million.
Umpqua Holdings Corporation | beating its average daily volume by 1,000%
A blockbuster trading session for Umpqua Bank, eclipsing its average daily volume by 1,000% and recording 24.81 million.
The local business bank has fallen back around 15.62% from the significant high of $20.93 set 4 months ago. Trending downwards for around 2 months.
Umpqua Bank discloses 21 cents per share dividend to be paid on Monday, February 6th
— Average trading volume refers to a 21-day rolling average.
