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April 24, 2023
The following stocks (Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation) are reaching higher-than-usual volumes.
A short overview of the current market situation: The leading indices were losing ground — Nasdaq drawing back 0.57% to 12,000. S&P 500 trades at 4,128.47 after losing 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.
Though trading was down Friday, some stocks are currently at high volumes. Here is an update.
Terminix | 25.88 million traded volume so far today exceeding the daily average by 482%
A hectic day for Terminix Global Holdings, Inc., surpassing its average daily volume by 482% to reach 25.88 million.
Approximately 11 months ago, the pest control company reached a significant high of $46.98 but has struggled to hold onto its gains and declined 19% since then. On a negative trend for around 6 months.
Enel Americas | eclipsing its average trading volume 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 Bank | 24.81 million traded volume so far today exceeding the daily average by 1,000%
Having set a significant high of $20.93 5 months ago, the local business bank is trading 15.62% lower. Trending downwards for around 2 months. Umpqua Bank's market cap currently stands at $3.83 billion with an average daily volume of 2.48 million shares.
Umpqua Holdings Corporation 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.
