3 stocks endured heavy trading volumes despite listless price action

Published: January 25 2023, 22:40 GMT+0

3 stocks endured heavy trading volumes despite listless price action

Terminix Global Holdings, Inc., Enel Américas S.A., Abiomed and others reached higher-than-usual trading volumes.

Here's an update with information from the last trading session: Markets did not have a clear cut direction — Nasdaq lost 0.18% and ended the session 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% higher than rolling average

Today's trading volume was 25.88 million shares (surpassing the daily average by 482%).

Over the past 8 months, the residential and commercial pest control provider has retreated 19% from a noteworthy peak of $46.98. On a negative trend for around 3 months. Terminix's bearish run has lasted 19 days so far (-$2.92).

Enel Americas | 3,026% higher than rolling average

After ending yesterday at $5.05, Enel Americas fell to $4.81. Overall, a 4.75% move or 24 cents today.

Enel Americas outpaced its average daily trading volume (1 million) with 32.43 million shares traded today.

Abiomed | 506% higher than rolling average

Today's session put the brakes on the ongoing uptrend — a mostly flat day so far for the US-based medical device maker, range-bound between $380.55 and $381.28 and currently at $381.

Abiomed had a compelling day today, with 15.70 million shares traded helping the company surpass its average daily volume by 506%.

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