The following stocks experienced higher volumes than usual including Terminix Global Holdings, Inc., Enel Américas S.A., Abiomed and others.
Here's an update with information from the last trading session: Markets completed a mixed session Friday while Nasdaq lost 0.58% and ended the session at 11,800. Dow Jones closed the day at 33,827, having gained 0.39%.
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 Friday, several stocks were actively traded. Here's an update:
Terminix | 482% higher than rolling average
Friday's trading volume peaked at 25.88 million shares, thereby blitzing the daily average of 5.37 million by 482%.
The residential and commercial pest control provider has shed 14.22% over the past six months. On a negative trend for around 4 months.
Enel Americas | 3,026% above rolling average
During Friday's session, Enel Americas toiled and struggled for upward momentum before closing at $4.81. By the close, the the electric energy company suffered a 24 cents or 4.75% loss.
Trading volume peaked at 32.43 million shares Friday, thereby obliterating the daily average of 1 million by 3,026%.
Abiomed | 506% above rolling average
Abiomed moves 0% to close at $381 Friday.
Abiomed outpaced its average daily trading volume (3.10 million) with 15.70 million shares traded Friday.
— Average trading volume refers to a 21-day rolling average.