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June 28, 2023
The highest volumes today go to: Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation.
A quick recap: The leading indices are currently lower — Dow Jones trades at 33,826 after losing 0.3%. S&P 500 slipping 0.31% and closing at 4,364.69.
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 | 482% higher than average
Terminix Global Holdings, Inc. is down to $37.87, after ending yesterday at $38.06. Overall, a 0.5% loss or 19 cents today.
Terminix is having an eventful day so far, currently at 25.88 million and outpacing its average daily volume by 482%.
Enel Americas | beating its average daily volume by 3,026%
11 months ago, the electric power distribution company fell to a low of $3.88 but has since recovered 30.15%. With an average daily volume of 1 million shares.
A blockbuster trading session for Enel Americas, eclipsing its average daily volume by 3,026% and recording 32.43 million.
Umpqua Bank | eclipsing its average trading volume by 1,000%
A hectic day for Umpqua Holdings Corporation, surpassing its average daily volume by 1,000% to reach 24.81 million.
Having soared to a high of $20.93 approximately 7 months ago, the local business bank is now trading 15.62% lower. Pointing downwards for around 4 months.
— Average trading volume refers to a 21-day rolling average.
