| 
March 06, 2023
The highest trading volumes during Friday's session were recorded by: Terminix Global Holdings, Inc., Umpqua Holdings Corporation, Enel Américas S.A..
A recap of Friday's session: Markets closed higher Friday; 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% higher than rolling average
Terminix Global Holdings, Inc. outpaced its average daily trading volume (5.37 million) with 25.88 million shares traded Friday.
Over the past 10 months, the residential and commercial pest control provider has retreated 19% from a noteworthy peak of $46.98. Pointing downwards for around 5 months.
Umpqua Holdings Corporation | 1,000% higher than rolling average
3 months ago the financial holding company reached a significant high of $20.93 but has consequently lost 15.62% since then. Currently, the local business bank has a market capitalization of $3.83 billion with an average daily volume of 2.48 million shares.
Trading volume peaked at 24.81 million shares Friday, thereby obliterating the daily average of 2.48 million by 1,000%.
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 energy company suffered a 24 cents or 4.75% loss.
With 32.43 million shares traded Friday, Enel Americas beat its daily average by 3,026% to cap off a frenetic trading day.
— Average trading volume refers to a 21-day rolling average.
