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February 23, 2023
Terminix Global Holdings, Inc., Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México, Enel Américas S.A. and others reached higher-than-usual trading volumes.
A quick recap of where the last trading session ended: Markets closed higher today; Nasdaq closed the day at 11,600, having gained 0.72%. S&P 500 gained 0.53% and closed at 4,012.32.
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 today with some stocks recording abnormally high trading volumes. Here's a recap:
Terminix | 482% above rolling average
During today's session, Terminix Global Holdings, Inc. toiled and struggled for upward momentum before closing at $37.87. By the close, the the residential and commercial pest control provider suffered a 19 cents or 0.5% loss.
Today's trading volume peaked at 25.88 million shares, thereby blitzing the daily average of 5.37 million by 482%.
Banco Santander Mexico | 441% higher than rolling average
Trading volume was 1.58 million shares today — beating the daily average by a mammoth 441%.
The Mexican banking giant has gained 9.27% since its lowest print of $4.58 earlier this year. The stock has been trending positively for about 2 months.
Enel Americas | 3,026% above rolling average
During today'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.
Trading volume peaked at 32.43 million shares today, thereby obliterating the daily average of 1 million by 3,026%.
— Average trading volume refers to a 21-day rolling average.
