| 
March 14, 2023
Western Alliance Bancorporation, PacWest Bancorp, Terminix Global Holdings, Inc. and others reached higher-than-usual trading volumes.
A quick recap of where the last trading session ended: Markets completed a mixed session yesterday while Nasdaq gained 0.45% and closed at 11,200. Dow Jones slipped 0.28% and closed at 31,819.
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:
Western Alliance Bancorporation | 1,230% above rolling average
With 59.25 million shares traded yesterday, Western Alliance Bancorporation beat its daily average by 1,230% to cap off a frenetic trading day.
Western Alliance Bancorporation hit a significant low of $26.12 around a day ago, but has since recovered 88.9%. On a negative trend for around a month.
Western Alliance Bancorporation discloses 36 cents per share dividend to be paid on Friday, March 3rd
PacWest Bancorp | 1,026% above rolling average
PacWest Bancorp went down to $9.75 (21.05%), adding to its seven days of losses. The bank holding company is now trading 26.67% above the significant low ($9.75) it slumped to a day ago. Trending downwards for around a month. PacWest Bancorp has a market cap of $1.17 billion with an average daily volume of 6.90 million shares.
PacWest Bancorp outpaced its average daily trading volume (6.90 million) with 70.81 million shares traded yesterday.
Terminix | 482% higher than rolling average
Yesterday's trading volume was 25.88 million shares (surpassing the daily average by 482%).
The residential and commercial pest control provider has shed 13.91% over the past six months. Pointing downwards for around 5 months.
— Average trading volume refers to a 21-day rolling average.
