Take a look at the following stocks that showed higher volumes than usual: SVB Financial Group, Terminix Global Holdings, Inc., Diversey Holdings, Ltd..
Here's an update with information from the last trading session: Leading equity indices in the US declined as after dropping 1.66%, Dow Jones closed at 32,255. S&P 500 slipped 1.85% and closed at 3,918.32.
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.
SVB Financial Group | 1,500% above rolling average
Trending downwards for around a month. The US commercial bank's market cap currently stands at $6.28 billion with an average daily volume of 2.23 million shares.
SVB outpaced its average daily trading volume (2.23 million) with 33.20 million shares traded today.
Terminix | 482% above rolling average
Terminix outpaced its average daily trading volume (5.37 million) with 25.88 million shares traded today.
The residential and commercial pest control provider traded as high as $46.98 before shedding 15.29% lower over the past six months. Pointing downwards for around 5 months.
Diversey | 525% higher than rolling average
Trading volume peaked at 26.52 million shares today, thereby obliterating the daily average of 5 million by 525%.
Diversey hit a significant low of $4.04 around 2 months ago, but has since recovered 102.48%.
— Average trading volume refers to a 21-day rolling average.