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July 02, 2023
The highest trading volumes during Friday's session were recorded by: Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation.
A quick recap of where the last trading session ended: Markets closed higher Friday; S&P 500 gained 1.23% and closed at 4,450.38. Nasdaq ended the session at 13,800 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% higher than rolling average
Having set a significant high of $45.66 10 months ago, the pest control company is trading 16.64% lower. On a negative trend for around 8 months. With an average daily volume of 5.37 million shares.
With 25.88 million shares traded Friday, Terminix beat its daily average by 482% to cap off a frenetic trading day.
Enel Americas | 3,026% higher than rolling average
Trading volume was 32.43 million shares Friday — beating the daily average by a mammoth 3,026%.
Enel Americas hit a significant low of $3.88 around 11 months ago, but has since recovered 30.15%.
Umpqua Bank | 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%.
7 months ago the financial holding company reached a significant high of $20.93 but has consequently lost 15.62% since then. On a negative trend for around 4 months.
— Average trading volume refers to a 21-day rolling average.
