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June 11, 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: Markets closed higher Friday, as Dow Jones ended the session at 33,877 after a 0.13% gain. Nasdaq closed the day at 13,259, having gained 0.16%.
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
Approximately 10 months ago, the pest control company reached a significant high of $45.66 but has struggled to hold onto its gains and declined 16.64% since then. Trending downwards for around 8 months. With an average daily trading volume of 5.37 million shares.
Terminix outpaced its average daily trading volume (5.37 million) with 25.88 million shares traded Friday.
Enel Americas | 3,026% above rolling average
During Friday's session, Enel Americas toiled and struggled for upward momentum before closing at $4.81. By the close, the the electric power distribution company suffered a 24 cents or 4.75% loss.
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
Friday's trading volume peaked at 24.81 million shares, thereby blitzing the daily average of 2.48 million by 1,000%.
The financial holding company is now trading 15.62% below the significant high of $20.93 it set around 6 months ago. Pointing downwards for around 4 months.
— Average trading volume refers to a 21-day rolling average.
