The following stocks (Terminix Global Holdings, Inc., Enel Américas S.A., Abiomed) are reaching higher-than-usual volumes.
Here's the most recent update: The leading indices are slipping — S&P 500 slipping 0.63% and closing at 4,153.42. Nasdaq trades at 12,100 after losing 0.75%.
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 | 25.88 million traded volume so far today exceeding the daily average by 482%
A blockbuster trading session for Terminix Global Holdings, Inc., eclipsing its average daily volume by 482% and recording 25.88 million.
The residential and commercial pest control provider traded as high as $46.98 before shedding 15.57% lower over the past six months. Pointing downwards for around 4 months.
Enel Americas | currently blitzing its average daily volume by 3,026%
Enel Americas is down to $4.81, after ending yesterday at $5.05. Overall, a 4.75% loss or 24 cents today.
Enel Americas is having an eventful day so far, currently at 32.43 million and outpacing its average daily volume by 3,026%.
Abiomed | 15.70 million traded volume so far today exceeding the daily average by 506%
Abiomed trades at $381, after ending yesterday at $381.
A hectic day for Abiomed, surpassing its average daily volume by 506% to reach 15.70 million.
— Average trading volume refers to a 21-day rolling average.