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April 07, 2023
The following stocks experienced higher volumes than usual including Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation and others.
Yesterday's session summary: Markets closed higher yesterday; Nasdaq closed the day at 12,100, having gained 0.76%. S&P 500 ended the session at 4,105 after a 0.36% 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
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 residential and commercial pest control provider reached a significant high of $46.98 around 11 months ago but has lost 19% since then. Trending downwards for around 5 months.
Enel Americas | 3,026% higher than rolling average
Enel Americas had a compelling day yesterday, with 32.43 million shares traded helping the company surpass its average daily volume by 3,026%.
The electric energy company is now trading 30.15% above the significant low ($3.88) it slumped to 8 months ago.
Umpqua Bank | 1,000% above rolling average
Trading volume was 24.81 million shares yesterday — beating the daily average by a mammoth 1,000%.
Having set a significant high of $20.93 4 months ago, the local business bank is trading 15.62% lower. On a negative trend for around 2 months.
Umpqua Bank discloses 21 cents per share dividend to be paid on Monday, February 6th
— Average trading volume refers to a 21-day rolling average.
