Traders are flocking around Terminix Global Holdings, Inc., National Instruments Corporation, Enel Américas S.A. and others; check out these stocks that are displaying higher than typical trading volumes.
A quick recap: Markets are up including news that Dow Jones up to 33,800, gaining 0.35%. S&P 500 goes up 0.25%, trading at 4,119.
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 yesterday, some stocks have high volumes. Take a look.
Terminix | 25.88 million traded volume so far today exceeding the daily average by 482%
Terminix Global Holdings, Inc. is having an eventful day so far, currently at 25.88 million and outpacing its average daily volume by 482%.
11 months ago the pest control company reached a significant high of $46.98 but has consequently lost 19% since then. Pointing downwards for around 6 months.
NI | beating its average daily volume by 1,855%
The automated test equipment company has managed to gain 42.22% so far this year despite trading at lows around $31 previously. The stock has been trending positively for about 30 days. NI's market cap currently stands at $7.58 billion with an average daily trading volume of 1.54 million shares.
A hectic day for NI, surpassing its average daily volume by 1,855% to reach 28.56 million.
Enel Americas | 32.43 million traded volume so far today exceeding the daily average by 3,026%
The electric energy company has recovered 30.15% since descending to a significant low of $3.88 around 8 months ago. With an average daily volume of 1 million shares.
A blockbuster trading session for Enel Americas, eclipsing its average daily volume by 3,026% and recording 32.43 million.
— Average trading volume refers to a 21-day rolling average.