Traders are flocking around Terminix Global Holdings, Inc., First Republic Bank, Western Alliance Bancorporation and others; check out these stocks that are displaying higher than typical trading volumes.
A short overview of the current market situation: The leading indices are pointing up — Nasdaq up to 11,232, gaining 0.83%. Dow Jones goes up 0.53%, trading at 32,080.
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 up Friday, some stocks have high volumes. Take a look.
Terminix | 25.88 million traded volume so far today exceeding the daily average by 482%
A blockbuster trading session for Terminix Global Holdings, Inc., eclipsing its average daily volume by 482% and recording 25.88 million.
The pest control company has shed 16% over the past six months. Pointing downwards for around 5 months.
First Republic Bank | 47.19 million traded volume so far today exceeding the daily average by 1,059%
First Republic Bank is having an eventful day so far, currently at 47.19 million and outpacing its average daily volume by 1,059%.
The current year has not been the best for the wealth management company as it lost 32.73% from its highest point of $170.53. On a negative trend for around a month.
First Republic Bank discloses 27 cents per share dividend to be paid on Thursday, February 9th
Western Alliance Bancorporation | 24.66 million traded volume so far today exceeding the daily average by 1,244%
A hectic day for Western Alliance Bancorporation, surpassing its average daily volume by 1,244% to reach 24.66 million.
The US bank has shed 37.51% over the past six months. Trending downwards for around a month.
Western Alliance Bancorporation discloses 36 cents per share dividend to be paid on Friday, March 3rd
— Average trading volume refers to a 21-day rolling average.