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March 03, 2023
Terminix Global Holdings, Inc., Umpqua Holdings Corporation, Enel Américas S.A. had the highest volumes today.
Here's an update with information from the last trading session: Markets had an interesting day today; S&P 500 ended the session at 4,045.64 after a 1.61% gain. Nasdaq closed the day at 11,700, having gained 1.97%.
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
The pest control company has fallen back around 19% from the significant high of $46.98 set 10 months ago. Trending downwards for around 5 months. The company is currently trading with a market cap of $4.60 billion with an average daily trading volume of 5.37 million shares.
With 25.88 million shares traded today, Terminix beat its daily average by 482% to cap off a frenetic trading day.
Umpqua Bank | 1,000% above rolling average
The local business bank has shed 12.14% over the past three months. The financial holding company's market cap currently stands at $3.83 billion with an average daily trading volume of 2.48 million shares.
With 24.81 million shares traded today, Umpqua Bank beat its daily average by 1,000% to cap off a frenetic trading day.
Enel Americas | 3,026% above rolling average
Today's trading volume was 32.43 million shares (surpassing the daily average by 3,026%).
7 months ago, the electric energy company fell to a low of $3.88 but has since recovered 30.15%.
— Average trading volume refers to a 21-day rolling average.
