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May 28, 2023
Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation and others reached higher-than-usual trading volumes.
A recap of Friday's session: Leading equity indices in the US rose as Nasdaq ended the session at 12,976 after a 2.19% gain. S&P 500 closed the day at 4,205.45, having gained 1.3%.
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% higher than rolling average
9 months ago the pest control company reached a significant high of $45.66 but has consequently lost 16.64% since then. Trending downwards for around 7 months. With an average daily volume of 5.37 million shares.
Trading volume was 25.88 million shares Friday — beating the daily average by a mammoth 482%.
Enel Americas | 3,026% above rolling average
Enel Americas hit a significant low of $3.88 around 10 months ago, but has since recovered 30.15%. With an average daily trading volume of 1 million shares.
Enel Americas outpaced its average daily trading volume (1 million) with 32.43 million shares traded Friday.
Umpqua Holdings Corporation | 1,000% higher than rolling average
Having soared to a high of $20.93 approximately 6 months ago, the financial holding company is now trading 15.62% lower. Pointing downwards for around 3 months. Currently, the financial holding company has a market capitalization of $3.83 billion with an average daily volume of 2.48 million shares.
Friday's trading volume was 24.81 million shares (surpassing the daily average by 1,000%).
— Average trading volume refers to a 21-day rolling average.
