3 stocks endured heavy volumes amid market jump yesterday

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

Here's an update with information from the last trading session: Markets closed higher yesterday; Nasdaq gained 2.19% and closed at 12,976. S&P 500 gained 1.3% and closed at 4,205.45.

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:

Terminix | 482% above rolling average

Terminix Global Holdings, Inc.'s bearish run has lasted 19 days so far (-$2.92). 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 residential and commercial pest control provider suffered a 19 cents or 0.5% loss.

Terminix outpaced its average daily trading volume (5.37 million) with 25.88 million shares traded yesterday.

Enel Americas | 3,026% higher than rolling average

Yesterday's trading volume was 32.43 million shares (surpassing the daily average by 3,026%).

10 months ago, the electric energy company fell to a low of $3.88 but has since recovered 30.15%.

Umpqua Bank | 1,000% higher than rolling average

Umpqua Bank outpaced its average daily trading volume (2.48 million) with 24.81 million shares traded yesterday.

The financial holding company is now trading 15.62% below the significant high of $20.93 it set around 6 months ago. Trending downwards for around 3 months. Umpqua Holdings Corporation is on a 16 day downtrend

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