Terminix Global Holdings, Inc., Credit Suisse Group AG, Univar Solutions Inc. and others reached higher-than-usual trading volumes.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as Dow Jones shed 0.87% and closed at 31,875. S&P 500 lost 0.7% and ended the session at 3,892.
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 today, some stocks reached high volumes. Here is an update.
Terminix | 482% higher than rolling average
The residential and commercial pest control provider has shed 13.91% over the past six months. Trending downwards for around 5 months. With an average daily trading volume of 5.37 million shares.
Today's trading volume peaked at 25.88 million shares, thereby blitzing the daily average of 5.37 million by 482%.
Credit Suisse | 1,732% above rolling average
Credit Suisse went down to $2.16 (13.94%), adding to its four days of losses. The Swiss banking juggernaut has fallen back around 69.58% from the significant high of $8.25 set 11 months ago. Pointing downwards for around a month. The company has a market cap of $8.51 billion with an average daily volume of 24.38 million shares.
Trading volume was 422.26 million shares today — beating the daily average by a mammoth 1,732%.
Univar Solutions | 1,877% higher than rolling average
Univar Solutions went down to $34.7 (0.6%), adding to its seven days of losses. The multinational distribution company is up 60.73% from the significant low of $21.72 it hit 5 months ago. The company is currently trading with a market cap of $5.49 billion with an average daily trading volume of 1.25 million shares.
Today's trading volume was 23.54 million shares (surpassing the daily average by 1,877%).
— Average trading volume refers to a 21-day rolling average.