Following yesterday's heightened trading volumes, Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation were the standout stocks.
A recap of yesterday's session: Markets did not have a clear cut direction — after dropping 0.23%, Dow Jones closed at 33,900. Nasdaq closed 12,157 after a stable day.
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.
While trading was mostly sideways yesterday, several stocks were actively traded. Here's an update:
Terminix | 482% higher than 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.
Terminix had a compelling day yesterday, with 25.88 million shares traded helping the company surpass its average daily volume by 482%.
Enel Americas | 3,026% higher than rolling average
Trading volume was 32.43 million shares yesterday — beating the daily average by a mammoth 3,026%.
Enel Americas hit a significant low of $3.88 around 9 months ago, but has since recovered 30.15%.
Umpqua Bank | 1,000% higher than rolling average
With 24.81 million shares traded yesterday, Umpqua Bank beat its daily average by 1,000% to cap off a frenetic trading day.
The financial holding company has fallen back around 15.62% from the significant high of $20.93 set 5 months ago. Pointing downwards for around 2 months.
Umpqua Holdings Corporation discloses 21 cents per share dividend to be paid on Monday, February 6th
— Average trading volume refers to a 21-day rolling average.