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June 30, 2023
Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation led the pack during today's heightened trading volumes.
Today's session summary: Markets had an interesting day today; S&P 500 gained 1.23% and closed at 4,450.38. Nasdaq closed the day at 13,800, having gained 1.45%.
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% higher than rolling average
Having soared to a high of $45.66 approximately 10 months ago, the pest control company is now trading 16.64% lower. Trending downwards for around 8 months. With an average daily volume of 5.37 million shares.
Today's trading volume peaked at 25.88 million shares, thereby blitzing the daily average of 5.37 million by 482%.
Enel Americas | 3,026% above rolling average
With 32.43 million shares traded today, Enel Americas beat its daily average by 3,026% to cap off a frenetic trading day.
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
Umpqua Holdings Corporation moves 0% to close at $17.66 today.
Umpqua Bank outpaced its average daily trading volume (2.48 million) with 24.81 million shares traded today.
— Average trading volume refers to a 21-day rolling average.
