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April 09, 2023
Take a look at the following stocks: Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation and others showed higher volumes than usual.
A quick recap of where the last trading session ended: Leading equity indices in the US rose as Nasdaq closed the day at 12,100, having gained 0.76%. 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
Having set a significant high of $46.98 11 months ago, the residential and commercial pest control provider is trading 19% lower. Pointing downwards for around 5 months. With an average daily trading volume of 5.37 million shares.
Thursday's trading volume was 25.88 million shares (surpassing the daily average by 482%).
Enel Americas | 3,026% higher than 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 energy 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
The financial holding company has fallen back around 15.62% over the past 4 months, from a notable high of $20.93. On a negative trend for around 2 months. Umpqua Bank is currently trading with a market cap of $3.83 billion with an average daily volume of 2.48 million shares.
Umpqua Holdings Corporation outpaced its average daily trading volume (2.48 million) with 24.81 million shares traded Thursday.
— Average trading volume refers to a 21-day rolling average.
