The following stocks (Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation) are reaching higher-than-usual volumes.
A short overview of the current market situation: The leading indices are dropping — Nasdaq trades at 11,900 after losing 0.73%. S&P 500 slipping 0.38% and closing at 4,074.75.
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.
Though trading was down yesterday, some stocks are currently at high volumes. Here is an update.
Terminix | 25.88 million traded volume so far today exceeding the daily average by 482%
Over the past 11 months, the pest control company has retreated 19% from a noteworthy peak of $46.98. Trending downwards for around 5 months. With an average daily trading volume of 5.37 million shares.
A blockbuster trading session for Terminix, eclipsing its average daily volume by 482% and recording 25.88 million.
Enel Americas | 32.43 million traded volume so far today exceeding the daily average by 3,026%
A hectic day for Enel Americas, surpassing its average daily volume by 3,026% to reach 32.43 million.
Enel Americas hit a significant low of $3.88 around 8 months ago, but has since recovered 30.15%.
Umpqua Holdings Corporation | beating its average daily volume by 1,000%
Umpqua Bank trades at $17.66, after ending yesterday at $17.66.
Umpqua Bank is having an eventful day so far, currently at 24.81 million and outpacing its average daily volume by 1,000%.
— Average trading volume refers to a 21-day rolling average.