Terminix Global Holdings, Inc., UBS Group AG, First Republic Bank led the pack during yesterday's heightened trading volumes.
A recap of yesterday's session: Leading equity indices in the US rose as Dow Jones closed the day at 32,245, having gained 1.2%. S&P 500 ended the session at 3,951.57 after a 0.89% 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 yesterday with some stocks recording abnormally high trading volumes. Here's a recap:
Terminix | 482% higher than rolling average
With 25.88 million shares traded yesterday, Terminix Global Holdings, Inc. beat its daily average by 482% to cap off a frenetic trading day.
UBS | 1,635% higher than rolling average
UBS had a compelling day yesterday, with 40.47 million shares traded helping the company surpass its average daily volume by 1,635%.
First Republic Bank | 1,739% above rolling average
Trading volume peaked at 186.42 million shares yesterday, thereby obliterating the daily average of 10.72 million by 1,739%.
First Republic Bank discloses 27 cents per share dividend to be paid on Thursday, February 9th
— Average trading volume refers to a 21-day rolling average.