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April 28, 2023
Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation led the pack during yesterday's heightened trading volumes.
Here's an update with information from the last trading session: Leading equity indices in the US rose as S&P 500 closed the day at 4,135.35, having gained 1.96%. Dow Jones ended the session at 33,826 after a 1.57% gain.
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 yesterday with some stocks recording abnormally high trading volumes. Here's a recap:
Terminix | 482% above rolling average
During yesterday's session, Terminix Global Holdings, Inc. toiled and struggled for upward momentum before closing at $37.87. By the close, the the pest control company suffered a 19 cents or 0.5% loss.
Terminix had a compelling day yesterday, with 25.88 million shares traded helping the company surpass its average daily volume by 482%.
Enel Americas | 3,026% higher than rolling average
Enel Americas outpaced its average daily trading volume (1 million) with 32.43 million shares traded yesterday.
Enel Americas hit a significant low of $3.88 around 9 months ago, but has since recovered 30.15%.
Umpqua Bank | 1,000% higher than rolling average
Umpqua Bank moves 0% to close at $17.66 yesterday.
Yesterday's trading volume peaked at 24.81 million shares, thereby blitzing the daily average of 2.48 million by 1,000%.
— Average trading volume refers to a 21-day rolling average.
