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June 14, 2023
Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation and others reached higher-than-usual trading volumes.
Here's an update with information from the last trading session: Leading equity indices in the US rose as S&P 500 gained 0.69% and closed at 4,369. Nasdaq closed the day at 13,573, having gained 0.83%.
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
With 25.88 million shares traded yesterday, Terminix Global Holdings, Inc. beat its daily average by 482% to cap off a frenetic trading day.
The pest control company reached a significant high of $45.66 around 10 months ago but has lost 16.64% since then. Trending downwards for around 8 months.
Enel Americas | 3,026% above rolling average
Enel Americas hit a significant low of $3.88 around 11 months ago, but has since recovered 30.15%. With an average daily volume of 1 million shares.
Enel Americas outpaced its average daily trading volume (1 million) with 32.43 million shares traded yesterday.
Umpqua Bank | 1,000% above rolling average
Yesterday's trading volume was 24.81 million shares (surpassing the daily average by 1,000%).
The local business bank is now trading 15.62% below the significant high of $20.93 it set around 7 months ago. On a negative trend for around 4 months.
— Average trading volume refers to a 21-day rolling average.
