The following stocks experienced higher volumes than usual including Terminix Global Holdings, Inc., Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México, Enel Américas S.A. and others.
Here's an update with information from the last trading session: Markets were up yesterday; Nasdaq ended the session at 11,600 after a 0.72% gain. S&P 500 closed the day at 4,012.32, having gained 0.53%.
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
Trading volume peaked at 25.88 million shares yesterday, thereby obliterating the daily average of 5.37 million by 482%.
The residential and commercial pest control provider has shed 12.93% over the past six months. On a negative trend for around 4 months.
Banco Santander Mexico | 441% higher than rolling average
Banco Santander Mexico had a compelling day yesterday, with 1.58 million shares traded helping the company surpass its average daily volume by 441%.
This year has been a bright one for the Mexican banking giant after trading as low as $4.58 and going on to appreciate by 9.27% year to date. The stock has been trending positively for about 2 months.
Enel Americas | 3,026% above rolling average
With 32.43 million shares traded yesterday, Enel Americas beat its daily average by 3,026% to cap off a frenetic trading day.
The electric power distribution company has recovered 30.15% since descending to a significant low of $3.88 around 7 months ago.
— Average trading volume refers to a 21-day rolling average.