Terminix Global Holdings, Inc., Umpqua Holdings Corporation, Enel Américas S.A. led the pack during yesterday's heightened trading volumes.
Here's an update with information from the last trading session: Leading equity indices in the US declined as Dow Jones lost 1.72% and ended the session at 32,856. S&P 500 closed at 3,986.37, a 1.53% change.
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 reached high volumes. Here is an update.
Terminix | 482% above rolling average
The pest control company traded as high as $46.98 before shedding 13.14% lower over the past six months. On a negative trend for around 5 months. The pest control company's market cap currently stands at $4.60 billion with an average daily trading volume of 5.37 million shares.
Trading volume was 25.88 million shares yesterday — beating the daily average by a mammoth 482%.
Umpqua Bank | 1,000% higher than rolling average
Trading volume peaked at 24.81 million shares yesterday, thereby obliterating the daily average of 2.48 million by 1,000%.
The financial holding company is now trading 15.62% below the significant high of $20.93 it set around 3 months ago. Pointing downwards for around 29 days.
Umpqua Bank discloses 21 cents per share dividend to be paid on Monday, February 6th
Enel Americas | 3,026% above rolling average
Enel Americas hit a significant low of $3.88 around 7 months ago, but has since recovered 30.15%. With an average daily volume of 1 million shares.
Enel Americas outpaced its average daily trading volume (1 million) with 32.43 million shares traded yesterday.
— Average trading volume refers to a 21-day rolling average.