3 stocks endured heavy volumes amid market jump yesterday

Certara, Inc., Terminix Global Holdings, Inc., First Republic Bank and others reached higher-than-usual trading volumes.

Yesterday's session summary: Leading equity indices in the US rose as S&P 500 gained 1.3% and closed at 4,003. Nasdaq ended the session at 11,860 after a 1.58% 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.

Price action was mostly bullish yesterday with some stocks recording abnormally high trading volumes. Here's a recap:

Certara | 4,000% higher than rolling average

With 29.53 million shares traded yesterday, Certara, Inc. beat its daily average by 4,000% to cap off a frenetic trading day.

Terminix | 482% higher than rolling average

Over the last 19 days, Terminix has fallen 7.59%. Yesterday's session continued the recent downtrend: during yesterday'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 had a compelling day yesterday, with 25.88 million shares traded helping the company surpass its average daily volume by 482%.

First Republic Bank | 2,000% above rolling average

Trading volume was 215 million shares yesterday — beating the daily average by a mammoth 2,000%.

While in the midst of a 7 day downtrend, losing a total of 87.2% ($111.04),

First Republic Bank discloses 27 cents per share dividend to be paid on Thursday, February 9th

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