Take a look at the following stocks that showed higher volumes than usual: Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation.
Here's an update with information from the last trading session: Leading equity indices in the US declined as Dow Jones closed at 32,657, a 0.71% change. S&P 500 lost 0.3% and ended the session at 3,970.
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
During yesterday's session, Terminix Global Holdings, Inc. toiled and struggled for upward momentum before closing at $37.87. By the close, the the residential and commercial pest control provider suffered a 19 cents or 0.5% loss.
Trading volume was 25.88 million shares yesterday — beating the daily average by a mammoth 482%.
Enel Americas | 3,026% above rolling average
Yesterday's trading volume peaked at 32.43 million shares, thereby blitzing the daily average of 1 million by 3,026%.
Enel Americas hit a significant low of $3.88 around 7 months ago, but has since recovered 30.15%.
Umpqua Bank | 778% above rolling average
Umpqua Bank went down to $17.66 (1.73%), adding to its four days of losses. The local business bank has shed 10.91% over the past three months. The local business bank's market cap currently stands at $3.83 billion with an average daily trading volume of 2.48 million shares.
Trading volume was 19.33 million shares yesterday — beating the daily average by a mammoth 778%.
— Average trading volume refers to a 21-day rolling average.