A busy day for Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation, being the prominent stocks displaying higher volumes than usual.
A recap of today's session: Markets closed higher today; Nasdaq ended the session at 12,166 after a 2% gain. Dow Jones gained 1.14% and closed at 34,030.
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 today with some stocks recording abnormally high trading volumes. Here's a recap:
Terminix | 482% higher than rolling average
The residential and commercial pest control provider reached a significant high of $46.98 around 11 months ago but has lost 19% since then. Trending downwards for around 6 months. With an average daily volume of 5.37 million shares.
Terminix outpaced its average daily trading volume (5.37 million) with 25.88 million shares traded today.
Enel Americas | 3,026% higher than 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 trading volume of 1 million shares.
Enel Americas outpaced its average daily trading volume (1 million) with 32.43 million shares traded today.
Umpqua Bank | 1,000% above rolling average
Today's trading volume peaked at 24.81 million shares, thereby blitzing the daily average of 2.48 million by 1,000%.
Approximately 5 months ago, the local business bank reached a significant high of $20.93 but has struggled to hold onto its gains and declined 15.62% since then. On a negative trend for around 2 months.
Umpqua Holdings Corporation discloses 21 cents per share dividend to be paid on Monday, February 6th
Umpqua Holdings Corporation is scheduled to announce earnings results Wednesday. The consensus Earnings Per Share estimate is 0.36 and the consensus revenue estimate is $356.7 million.
— Average trading volume refers to a 21-day rolling average.