3 stocks endured heavy volumes amid market jump yesterday

The highest trading volumes during yesterday's session were recorded by: Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation.

Here's an update with information from the last trading session: Leading equity indices in the US rose as 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 yesterday with some stocks recording abnormally high trading volumes. Here's a recap:

Terminix | 482% higher than rolling average

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

Over the past 9 months, the residential and commercial pest control provider has retreated 16.64% from a noteworthy peak of $45.66. Pointing downwards for around 7 months. Over the last 19 days, Terminix has fallen 7.59%.

Enel Americas | 3,026% above rolling average

Enel Americas outpaced its average daily trading volume (1 million) with 32.43 million shares traded yesterday.

The electric power distribution company has recovered 30.15% since descending to a significant low of $3.88 around 10 months ago.

Umpqua Bank | 1,000% higher than rolling average

Umpqua Bank has been losing ground for 16 days, shedding a total of 9.76% of its value. A slight improvement can be seen from yesterday's session: Umpqua Bank moves 0% to close at $17.66 yesterday.

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

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