3 stocks endured heavy volumes amid market jump Wednesday

Published: November 25 2022, 11:40 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 gained 0.99% and closed at 11,300. S&P 500 ended the session at 4,027.26 after a 0.59% gain.

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 Terminix depreciates 0.5% with $37.75 as the low of the day

Trading volume peaked at 25.88 million shares Wednesday, thereby obliterating the daily average of 5.37 million by 482%. Having fallen $2.92 in 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 pest control company suffered a 19 cents or 0.5% loss.

The residential and commercial pest control provider is now trading 13.42% below its 3-month high of $46.98. Terminix's market cap is currently $4.60 billion with an average daily trading volume of 5.37 million shares. Terminix is forecasted to generate revenues of $545.27 million and EPS of 40 cents.

Phillips 66 Partners | 221% higher than rolling average Phillips 66 Partners closes at $42 after gaining 1.89%

Phillips 66 Partners outpaced its average daily trading volume (7.33 million) with 16.20 million shares traded Wednesday. Phillips 66 Partners is on a 10 day uptrend, gaining a total of 1.89%. Phillips 66 Partners stayed on track Wednesday: 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 low of $34.26 11 months ago, the multidimensional petroleum company is trading 20.34% higher. So far in 2022, it has performed better than the Nasdaq by 51.59%. With an average daily volume of 7.33 million shares. Phillips 66 Partners expected revenue of $436.47 million with an EPS of 94.5 cents.

Wednesday Duke Realty increased by 0.48%, ended the session at $48.2 After 22 sombre days of declines, Duke Realty was up 0.48% Wednesday

Positive signs: after 28 days of being mostly flat Wednesday's session shows improvement: Duke Realty improves 0.48% to close at $48.2 Wednesday.

The US-based industrial REIT is now trading 22.28% below its 3-month high of $65.64. 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.