3 stocks endured heavy volumes amid market jump today

Published: May 26 2023, 22:40 GMT+0

3 stocks endured heavy volumes amid market jump today

A busy day for Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation, being the prominent stocks displaying higher volumes than usual.

A recap of today's session: Markets were up today; Nasdaq ended the session at 12,976 after a 2.19% gain. S&P 500 closed the day at 4,205.45, having gained 1.3%.

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 today with some stocks recording abnormally high trading volumes. Here's a recap:

Terminix | 482% above rolling average

Terminix Global Holdings, Inc.'s downtrend has seen it decline 7.59% in 19 days More of the same from today's session: during today's session, Terminix toiled and struggled for upward momentum before closing at $37.87. By the close, the the pest control company suffered a 19 cents or 0.5% loss.

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

With 32.43 million shares traded today, Enel Americas beat its daily average by 3,026% to cap off a frenetic trading day.

The electric energy company is up 30.15% from the significant low of $3.88 it hit 10 months ago.

Umpqua Bank | 1,000% higher than rolling average

Umpqua Bank had a compelling day today, with 24.81 million shares traded helping the company surpass its average daily volume by 1,000%.

The financial holding company has fallen back around 15.62% over the past 6 months, from a notable high of $20.93. Trending downwards for around 3 months. Having lost $1.91 over 16 days,

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