N-able, Inc., Terminix Global Holdings, Inc., Enel Américas S.A. led the pack during Friday's heightened trading volumes.
Here's an update with information from the last trading session: Leading equity indices in the US rose as Dow Jones closed the day at 33,274, having gained 1.26%. S&P 500 ended the session at 4,109.31 after a 1.44% gain.
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.
Price action was mostly bullish Friday with some stocks recording abnormally high trading volumes. Here's a recap:
N-able | 2,933% above rolling average
N-able, Inc. had a compelling day Friday, with 11.34 million shares traded helping the company surpass its average daily volume by 2,933%.
Terminix | 482% higher than rolling average
With 25.88 million shares traded Friday, Terminix beat its daily average by 482% to cap off a frenetic trading day.
Enel Americas | 3,026% higher than rolling average
Enel Americas had a compelling day Friday, 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.