Take a look at the following stocks that showed higher volumes than usual: Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as Dow Jones closed at 33,900, a 0.42% change. Nasdaq lost 0.35% and ended the session at 12,123.
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 reached high volumes. Here is an update.
Terminix | 482% higher than rolling average
Trading volume was 25.88 million shares Friday — beating the daily average by a mammoth 482%.
Having set a significant high of $46.98 11 months ago, the residential and commercial pest control provider is trading 19% lower. On a negative trend for around 6 months.
Enel Americas | 3,026% above rolling average
The electric power distribution company has recovered 30.15% since descending to a significant low of $3.88 around 9 months ago. With an average daily trading volume of 1 million shares.
Enel Americas outpaced its average daily trading volume (1 million) with 32.43 million shares traded Friday.
Umpqua Bank | 1,000% higher than rolling average
Umpqua Holdings Corporation moves 0% to close at $17.66 Friday.
Umpqua Bank had a compelling day Friday, with 24.81 million shares traded helping the company surpass its average daily volume by 1,000%.
— Average trading volume refers to a 21-day rolling average.