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May 06, 2023
Terminix Global Holdings, Inc., Braskem S.A., Enel Américas S.A. had the highest volumes yesterday.
Yesterday's session summary: Leading equity indices in the US rose as Dow Jones gained 1.65% and closed at 33,674. S&P 500 ended the session at 4,136.25 after a 1.85% 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
The pest control company is now trading 16.64% below the significant high of $45.66 it set around 8 months ago. Pointing downwards for around 7 months. With an average daily volume of 5.37 million shares.
With 25.88 million shares traded yesterday, Terminix beat its daily average by 482% to cap off a frenetic trading day.
Braskem SA ADR | 1,057% above rolling average
Latin America's largest petrochemical company has fallen back around 60.84% from the significant high of $19.38 set 11 months ago. Braskem SA ADR has a market cap of $3.84 billion with an average daily trading volume of 990,617 shares.
Braskem SA ADR outpaced its average daily trading volume (990,617) with 10.47 million shares traded yesterday.
Enel Americas | 3,026% above rolling average
During yesterday's session, Enel Americas toiled and struggled for upward momentum before closing at $4.81. By the close, the the electric power distribution company suffered a 24 cents or 4.75% loss.
Enel Americas had a compelling day yesterday, with 32.43 million shares traded helping the company surpass its average daily volume by 3,026%.
— Average trading volume refers to a 21-day rolling average.
