3 heavy volume stocks marlins surface despite calm waters today

Published: January 25 2023, 23:40 GMT+0

3 heavy volume stocks marlins surface despite calm waters today

Terminix Global Holdings, Inc., Enel Américas S.A., Abiomed led the pack during today's heightened trading volumes.

Here's an update with information from the last trading session: Markets did not have a clear cut direction — Nasdaq shed 0.18% and closed at 11,300. S&P 500 closed at 4,016.22 after a flat day.

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.

Terminix | 482% above rolling average

The residential and commercial pest control provider reached a significant high of $46.98 around 8 months ago but has lost 19% since then. Pointing downwards for around 3 months. Currently, the pest control company has a market capitalization of $4.60 billion 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 outpaced its average daily trading volume (1 million) with 32.43 million shares traded today.

Enel Americas hit a significant low of $3.88 around 6 months ago, but has since recovered 30.15%.

Abiomed | 506% higher than rolling average

Trading volume peaked at 15.70 million shares today, thereby obliterating the daily average of 3.10 million by 506%.

— Average trading volume refers to a 21-day rolling average.

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