| 
April 29, 2023
Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation and others reached higher-than-usual trading volumes.
A quick recap of where the last trading session ended: Leading equity indices in the US rose as Dow Jones closed the day at 34,100, having gained 0.8%. S&P 500 gained 0.83% and closed at 4,169.48.
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
Terminix Global Holdings, Inc. has shed $9.11 points and is languishing 19.31% lower over the past year, leaving its yearly highs around $46.98 in the rear-view mirror. On a negative trend for around 6 months. With an average daily volume of 5.37 million shares.
Yesterday'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
Enel Americas hit a significant low of $3.88 around 9 months ago, but has since recovered 30.15%. With an average daily trading volume of 1 million shares.
Yesterday's trading volume peaked at 32.43 million shares, thereby blitzing the daily average of 1 million by 3,026%.
Umpqua Holdings Corporation | 1,000% higher than rolling average
The local business bank has fallen back around 15.62% over the past 5 months, from a notable high of $20.93. Trending downwards for around 2 months. The company has a market cap of $3.83 billion with an average daily trading volume of 2.48 million shares.
Umpqua Holdings Corporation had a compelling day yesterday, with 24.81 million shares traded helping the company surpass its average daily volume by 1,000%.
— Average trading volume refers to a 21-day rolling average.
