A busy day for Terminix Global Holdings, Inc., AudioCodes Ltd., Enel Américas S.A., being the prominent stocks displaying higher volumes than usual.
Here's an update with information from the last trading session: Markets did not have a clear cut direction — Dow Jones closed the day at 33,600, having gained 0.3%. S&P 500 closed at 4,109 after a flat 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% higher than rolling average
Terminix Global Holdings, Inc. outpaced its average daily trading volume (5.37 million) with 25.88 million shares traded yesterday.
Over the past 11 months, the residential and commercial pest control provider has retreated 19% from a noteworthy peak of $46.98. Pointing downwards for around 6 months.
AudioCodes | 975% higher than rolling average
After ending Thursday at $14.37, AudioCodes declined to $11.02 yesterday before closing at $11.31, thereby losing 21.29% in total.
Yesterday's trading volume was 1.72 million shares (surpassing the daily average by 975%).
Enel Americas | 3,026% above rolling average
Enel Americas hit a significant low of $3.88 around 8 months ago, but has since recovered 30.15%. With an average daily volume of 1 million shares.
Trading volume peaked at 32.43 million shares yesterday, thereby obliterating the daily average of 1 million by 3,026%.
— Average trading volume refers to a 21-day rolling average.