The highest trading volumes during yesterday's session were recorded by: Terminix Global Holdings, Inc., Braskem S.A., Enel Américas S.A..
A quick recap of where the last trading session ended: Leading equity indices in the US rose as Dow Jones ended the session at 33,674 after a 1.65% gain. S&P 500 gained 1.85% and closed at 4,136.25.
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% above rolling average
Yesterday'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 fallen back around 16.64% from the significant high of $45.66 set 8 months ago. Trending downwards for around 7 months.
Braskem SA ADR | 1,057% higher than rolling average
Braskem SA ADR had a compelling day yesterday, with 10.47 million shares traded helping the company surpass its average daily volume by 1,057%.
The Brazilian petrochemical company is now trading 60.84% below the significant high of $19.38 it set around 11 months ago.
Enel Americas | 3,026% higher than rolling average
After hitting an important low of $3.88 approximately 9 months ago, the electric energy company has bounced back 30.15% since. With an average daily trading volume of 1 million shares.
With 32.43 million shares traded yesterday, Enel Americas beat its daily average by 3,026% to cap off a frenetic trading day.
— Average trading volume refers to a 21-day rolling average.