| 
February 27, 2023
Following today's heightened trading volumes, Terminix Global Holdings, Inc., Enel Américas S.A., Abiomed were the standout stocks.
A recap of today's session: Markets closed higher today, as Nasdaq gained 0.63% and closed at 11,467. S&P 500 closed the day at 3,982.24, having gained 0.31%.
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
Today's trading volume peaked at 25.88 million shares, thereby blitzing the daily average of 5.37 million by 482%.
The residential and commercial pest control provider has shed 12.65% over the past six months. Trending downwards for around 4 months.
Enel Americas | 3,026% higher than 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.
The electric energy company is up 30.15% from the significant low of $3.88 it hit 7 months ago.
Abiomed | 506% above rolling average
Today's trading volume was 15.70 million shares (surpassing the daily average by 506%).
The stock has been trending positively for about a month.
— Average trading volume refers to a 21-day rolling average.
