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June 10, 2023
Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation and others reached higher-than-usual trading volumes.
Yesterday's session summary: Markets were up yesterday; Dow Jones closed the day at 33,877, having gained 0.13%. Nasdaq ended the session at 13,259 after a 0.16% 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
Trading volume peaked at 25.88 million shares yesterday, thereby obliterating the daily average of 5.37 million by 482%.
Having soared to a high of $45.66 approximately 9 months ago, the residential and commercial pest control provider is now trading 16.64% lower. On a negative trend for around 8 months.
Enel Americas | 3,026% above rolling average
The electric power distribution company has recovered 30.15% since descending to a significant low of $3.88 around 10 months ago. 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 Bank | 1,000% above rolling average
The local business bank is now trading 15.62% below the significant high of $20.93 it set around 6 months ago. Trending downwards for around 4 months. The company has a market cap of $3.83 billion with an average daily volume of 2.48 million shares.
Trading volume peaked at 24.81 million shares yesterday, thereby obliterating the daily average of 2.48 million by 1,000%.
— Average trading volume refers to a 21-day rolling average.
