Take a look at the following stocks: Terminix Global Holdings, Inc., UroGen Pharma Ltd., Enel Américas S.A. and others showed higher volumes than usual.
A recap of yesterday's session: Markets did not have a clear cut direction — after dropping 0.14%, Dow Jones closed at 34,052. Nasdaq closed 12,200 after a stable day.
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.
While trading was mostly sideways yesterday, several stocks were actively traded. Here's an update:
Terminix | 482% above rolling average
Trading volume was 25.88 million shares yesterday — beating the daily average by a mammoth 482%.
Terminix has shed $8.13 points and is languishing 17.6% lower over the past year, leaving its yearly highs around $46 in the rear-view mirror. Trending downwards for around 6 months.
UroGen Pharma | 700% above rolling average
Pronounced bullish sentiment in the market helped the biotechnology company to make a notable 23.3% gain yesterday, rising $2.7 and ultimately closing at $14.29.
Trading volume peaked at 1.83 million shares yesterday, thereby obliterating the daily average of 261,514 by 700%.
Enel Americas | 3,026% higher than 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 volume of 1 million shares.
Enel Americas had a compelling day yesterday, with 32.43 million shares traded helping the company surpass its average daily volume by 3,026%.
— Average trading volume refers to a 21-day rolling average.