3 stocks endured heavy volumes amid market jump Wednesday

Published: November 25 2022, 10:40 GMT+0

3 stocks endured heavy volumes amid market jump Wednesday

Terminix Global Holdings, Inc., Phillips 66 Partners LP, Duke Realty Corp had the highest volumes Wednesday.

Here's an update with information from the last trading session: Leading equity indices in the US rose as Nasdaq ended the session at 11,300 after a 0.99% gain. S&P 500 gained 0.59% and closed at 4,027.26.

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 Terminix lost 0.5% Wednesday, closed at $37.87

Terminix Global Holdings, Inc. outpaced its average daily trading volume (5.37 million) with 25.88 million shares traded Wednesday. Terminix has lost 7.59% over the last 19 days. Wednesday's session continued the recent downtrend: during Wednesday's session, Terminix toiled and struggled for upward momentum before closing at $37.87. By the close, the the residential and commercial pest control provider suffered a 19 cents or 0.5% loss.

Phillips 66 Partners | 221% above rolling average Phillips 66 Partners posts solid session with 1.89% gain; upside capped at $44.09

Wednesday's trading volume peaked at 16.20 million shares, thereby blitzing the daily average of 7.33 million by 221%. 10 days and 0 cents of gains are not enough for Phillips 66 Partners. Phillips 66 Partners lived up to expectations Wednesday by maintaining its set course — Phillips 66 Partners went up to $42 Wednesday after ending Tuesday at $41.23. Overall, a 1.89% move or 77 cents.

Having set a significant high of $46.14 11 months ago, the multidimensional petroleum company is trading 20.34% lower. So far in 2022 it has been beating the Nasdaq by 51.59%. With an average daily volume of 7.33 million shares. Phillips 66 Partners is forecasted to generate revenues of $436.47 million and EPS of 94.5 cents.

Bullish mood lifts Duke Realty to session high of $49.26 End of a slump? After 22 days of going down, Duke Realty up 0.48% Wednesday

After 28 days of level trading, Duke Realty went up. Wednesday's session shows improvement: Duke Realty goes up 0.48% to close at $48.2 Wednesday.

The US-based industrial REIT has shed 22.28% over the past three months. So far in 2022, it has been under-performing the S&P 500 by 6.21%. The company has a market cap of $18.56 billion $280.15 million was Duke Realty's last reported revenue with 27 cents being the current EPS.

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