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April 08, 2023
The highest trading volumes during Thursday's session were recorded by: Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation.
A recap of Thursday's session: Leading equity indices in the US rose as Nasdaq ended the session at 12,100 after a 0.76% gain. S&P 500 gained 0.36% and closed at 4,105.
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 Thursday with some stocks recording abnormally high trading volumes. Here's a recap:
Terminix | 482% above rolling average
Terminix Global Holdings, Inc. outpaced its average daily trading volume (5.37 million) with 25.88 million shares traded Thursday.
Over the past 11 months, the residential and commercial pest control provider has retreated 19% from a noteworthy peak of $46.98. On a negative trend for around 5 months.
Enel Americas | 3,026% above rolling average
Enel Americas had a compelling day Thursday, with 32.43 million shares traded helping the company surpass its average daily volume by 3,026%.
The electric power distribution company is now trading 30.15% above the significant low ($3.88) it slumped to 8 months ago.
Umpqua Bank | 1,000% above rolling average
Umpqua Bank outpaced its average daily trading volume (2.48 million) with 24.81 million shares traded Thursday.
Having set a significant high of $20.93 4 months ago, the local business bank is trading 15.62% lower. Trending downwards for around 2 months.
Umpqua Bank discloses 21 cents per share dividend to be paid on Monday, February 6th
— Average trading volume refers to a 21-day rolling average.
