Traders are flocking around Terminix Global Holdings, Inc., Enel Américas S.A., Abiomed and others; check out these stocks that are displaying higher than typical trading volumes.
A short overview of the current market situation: The leading indices were losing ground — Dow Jones slipping 1.35% and closing at 33,371. S&P 500 trades at 4,028.22 after losing 1.25%.
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 | 482% improvement so far today
A hectic day for Terminix Global Holdings, Inc., surpassing its average daily volume by 482% to reach 25.88 million.
The pest control company traded as high as $46.98 before shedding 14.22% lower over the past six months. Pointing downwards for around 4 months.
Enel Americas | beating its average daily volume by 3,026%
Enel Americas is having an eventful day so far, currently at 32.43 million and outpacing its average daily volume by 3,026%.
Enel Americas hit a significant low of $3.88 around 7 months ago, but has since recovered 30.15%.
Abiomed | 15.70 million traded volume so far today exceeding the daily average by 506%
A blockbuster trading session for Abiomed, eclipsing its average daily volume by 506% and recording 15.70 million.
The stock has been trending positively for about a month.
— Average trading volume refers to a 21-day rolling average.