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April 14, 2023
Traders are flocking around Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation and others; check out these stocks that are displaying higher than typical trading volumes.
What is happening with the market now? The leading indices are dropping — Dow Jones drawing back 0.51% to 33,856. Nasdaq trades at 12,100 after losing 0.49%.
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.
Though trading was down yesterday, some stocks are currently at high volumes. Here is an update.
Terminix | beating its average daily volume by 482%
Having set a significant high of $46.98 11 months ago, the pest control company is trading 19% lower. On a negative trend for around 6 months. With an average daily volume of 5.37 million shares.
A blockbuster trading session for Terminix, eclipsing its average daily volume by 482% and recording 25.88 million.
Enel Americas | 32.43 million traded volume so far today exceeding the daily average by 3,026%
Enel Americas hit a significant low of $3.88 around 9 months ago, but has since recovered 30.15%. With an average daily trading volume of 1 million shares.
A hectic day for Enel Americas, surpassing its average daily volume by 3,026% to reach 32.43 million.
Umpqua Holdings Corporation | 1,000% higher than average
The local business bank has fallen back around 15.62% over the past 5 months, from a notable high of $20.93. Pointing downwards for around 2 months. The company has a market cap of $3.83 billion with an average daily volume of 2.48 million shares.
Umpqua Bank is having an eventful day so far, currently at 24.81 million and outpacing its average daily volume by 1,000%.
— Average trading volume refers to a 21-day rolling average.
