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June 03, 2023
Take a look at the following stocks: Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation and others showed higher volumes than usual.
Yesterday's session summary: Leading equity indices in the US rose as Dow Jones ended the session at 33,763 after a 2.12% gain. S&P 500 closed the day at 4,282.37, having gained 1.45%.
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 residential and commercial pest control provider suffered a 19 cents or 0.5% loss.
Yesterday's trading volume was 25.88 million shares (surpassing the daily average by 482%).
Enel Americas | 3,026% higher than rolling average
Trading volume peaked at 32.43 million shares yesterday, thereby obliterating the daily average of 1 million by 3,026%.
Enel Americas hit a significant low of $3.88 around 10 months ago, but has since recovered 30.15%.
Umpqua Holdings Corporation | 1,000% higher than rolling average
Umpqua Holdings Corporation moves 0% to close at $17.66 yesterday.
With 24.81 million shares traded yesterday, Umpqua Holdings Corporation beat its daily average by 1,000% to cap off a frenetic trading day.
— Average trading volume refers to a 21-day rolling average.
