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April 20, 2023
Take a look at the following stocks: Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation and others showed higher volumes than usual.
A quick recap of where the last trading session ended: Markets did not have a clear cut direction — after dropping 0.23%, Dow Jones closed at 33,900. Nasdaq closed 12,157 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 yesterday, several stocks were actively traded. Here's an update:
Terminix | 482% higher than rolling average
Yesterday's trading volume peaked at 25.88 million shares, thereby blitzing the daily average of 5.37 million by 482%.
Approximately 11 months ago, the residential and commercial pest control provider reached a significant high of $46.98 but has struggled to hold onto its gains and declined 19% since then. Trending downwards for around 6 months.
Enel Americas | 3,026% higher than rolling average
Trading volume was 32.43 million shares yesterday — beating the daily average by a mammoth 3,026%.
Enel Americas hit a significant low of $3.88 around 9 months ago, but has since recovered 30.15%.
Umpqua Bank | 1,000% higher than rolling average
Umpqua Holdings Corporation outpaced its average daily trading volume (2.48 million) with 24.81 million shares traded yesterday.
The financial holding company is now trading 15.62% below the significant high of $20.93 it set around 5 months ago. On a negative trend 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.
