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June 05, 2023
Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation had the highest volumes Friday.
A recap of Friday's session: Leading equity indices in the US rose as Dow Jones gained 2.12% and closed at 33,763. S&P 500 ended the session at 4,282.37 after a 1.45% gain.
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
Friday's trading volume peaked at 25.88 million shares, thereby blitzing the daily average of 5.37 million by 482%.
Having set a significant high of $45.66 9 months ago, the residential and commercial pest control provider is trading 16.64% lower. Trending downwards for around 8 months.
Enel Americas | 3,026% higher than rolling average
After hitting an important low of $3.88 approximately 10 months ago, the electric power distribution company has bounced back 30.15% since. With an average daily volume of 1 million shares.
Friday's trading volume was 32.43 million shares (surpassing the daily average by 3,026%).
Umpqua Bank | 1,000% higher than rolling average
Trading volume peaked at 24.81 million shares Friday, thereby obliterating the daily average of 2.48 million by 1,000%.
The financial holding company reached a significant high of $20.93 around 6 months ago but has lost 15.62% since then. Pointing downwards for around 3 months.
— Average trading volume refers to a 21-day rolling average.
