Take a look at the following stocks that showed higher volumes than usual: Terminix Global Holdings, Inc., Oak Street Health, Inc., Capri Holdings Limited.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as Nasdaq slipped 1.68% and closed at 11,900. S&P 500 lost 1.11% and ended the session at 4,118.
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% higher than rolling average
Terminix Global Holdings, Inc. had a compelling day yesterday, with 25.88 million shares traded helping the company surpass its average daily volume by 482%.
The residential and commercial pest control provider traded as high as $46.98 before shedding 15.4% lower over the past six months. Pointing downwards for around 4 months.
Oak Street Health | 700% higher than rolling average
The US primary care network has fallen back around 4.4% over the past a day, from a notable high of $35.23. Oak Street Health's market cap is currently $8.56 billion with an average daily trading volume of 6.92 million shares.
With 48.45 million shares traded yesterday, Oak Street Health beat its daily average by 700% to cap off a frenetic trading day.
Capri Holdings | 915% higher than rolling average
Trading volume was 21.46 million shares yesterday — beating the daily average by a mammoth 915%.
The current year has not been the best for the UK-based fashion company as it lost 9.62% from its highest point of $70.76.
— Average trading volume refers to a 21-day rolling average.