Take a look at the following stocks: Terminix Global Holdings, Inc., Umpqua Holdings Corporation, Enel Américas S.A. and others showed higher volumes than usual.
Here's an update with information from the last trading session: Markets closed higher Friday, as S&P 500 closed the day at 4,045.64, having gained 1.61%. Nasdaq gained 1.97% and closed at 11,700.
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:
Terminix | 482% above rolling average
Terminix Global Holdings, Inc. outpaced its average daily trading volume (5.37 million) with 25.88 million shares traded Friday.
10 months ago the pest control company reached a significant high of $46.98 but has consequently lost 19% since then. Trending downwards for around 5 months.
Umpqua Bank | 1,000% above rolling average
With 24.81 million shares traded Friday, Umpqua Bank beat its daily average by 1,000% to cap off a frenetic trading day.
Having set a significant high of $20.93 3 months ago, the local business bank is trading 15.62% lower.
Umpqua Bank discloses 21 cents per share dividend to be paid on Monday, February 6th
Enel Americas | 3,026% above rolling average
The electric energy company is now trading 30.15% above the significant low ($3.88) it slumped to 7 months ago. With an average daily volume of 1 million shares.
Enel Americas outpaced its average daily trading volume (1 million) with 32.43 million shares traded Friday.
— Average trading volume refers to a 21-day rolling average.