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May 18, 2023
Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation and others reached higher-than-usual trading volumes.
A recap of yesterday's session: Leading equity indices in the US rose as Dow Jones ended the session at 33,421 after a 1.24% gain. S&P 500 gained 1.19% and closed at 4,158.77.
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
Trading volume was 25.88 million shares yesterday — beating the daily average by a mammoth 482%.
The residential and commercial pest control provider has fallen back around 16.64% over the past 9 months, from a notable high of $45.66. Trending downwards for around 7 months.
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.
Trading volume peaked at 32.43 million shares yesterday, thereby obliterating the daily average of 1 million by 3,026%.
Umpqua Bank | 1,000% above rolling average
Yesterday's trading volume was 24.81 million shares (surpassing the daily average by 1,000%).
Over the past 6 months, the local business bank has retreated 15.62% from a noteworthy peak of $20.93. On a negative trend for around 3 months.
Umpqua Holdings Corporation discloses 21 cents per share dividend to be paid on Monday, February 6th
— Average trading volume refers to a 21-day rolling average.
