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July 04, 2023
Terminix Global Holdings, Inc., ReWalk Robotics Ltd., Enel Américas S.A. and others reached higher-than-usual trading volumes.
Yesterday's session summary: Markets had an interesting day yesterday; Nasdaq ended the session at 13,817 after a 0.21% gain. S&P 500 closed the day at 4,455.59, having gained 0.12%.
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 peaked at 25.88 million shares, thereby blitzing the daily average of 5.37 million by 482%.
ReWalk Robotics | 765% higher than rolling average
ReWalk Robotics had a compelling day yesterday, with 1.41 million shares traded helping the company surpass its average daily volume by 765%.
ReWalk Robotics hit a significant low of 57.02 cents around 5 days ago, but has since recovered 5.23%.
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 energy company suffered a 24 cents or 4.75% loss.
With 32.43 million shares traded yesterday, Enel Americas beat its daily average by 3,026% to cap off a frenetic trading day.
— Average trading volume refers to a 21-day rolling average.
