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March 05, 2023
Terminix Global Holdings, Inc., Umpqua Holdings Corporation, Enel Américas S.A. and others reached higher-than-usual trading volumes.
Here's an update with information from the last trading session: Leading equity indices in the US rose as S&P 500 ended the session at 4,045.64 after a 1.61% gain. Nasdaq closed the day at 11,700, having gained 1.97%.
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.
Price action was mostly bullish Friday with some stocks recording abnormally high trading volumes. Here's a recap:
Terminix | 482% above rolling average
10 months ago the pest control company reached a significant high of $46.98 but has consequently lost 19% since then. On a negative trend for around 5 months. Terminix is currently trading with a market cap of $4.60 billion with an average daily trading volume of 5.37 million shares.
Friday's trading volume was 25.88 million shares (surpassing the daily average by 482%).
Umpqua Holdings Corporation | 1,000% above rolling average
Approximately 3 months ago, the financial holding company reached a significant high of $20.93 but has struggled to hold onto its gains and declined 15.62% since then. Umpqua Holdings Corporation's market cap currently stands at $3.83 billion with an average daily volume of 2.48 million shares.
Umpqua Bank outpaced its average daily trading volume (2.48 million) with 24.81 million shares traded Friday.
Enel Americas | 3,026% higher than rolling average
Enel Americas outpaced its average daily trading volume (1 million) with 32.43 million shares traded Friday.
Having set a significant low of $3.88 7 months ago, the electric energy company is trading 30.15% higher.
— Average trading volume refers to a 21-day rolling average.
