3 stocks endured heavy volumes amid market jump yesterday

The following stocks experienced higher volumes than usual including Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation and others.

A recap of yesterday's 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

Yesterday's trading volume was 25.88 million shares (surpassing the daily average by 482%).

Over the past 9 months, the pest control company has retreated 16.64% from a noteworthy peak of $45.66. On a negative trend for around 7 months. Terminix's bearish run has lasted 19 days so far (-$2.92).

Enel Americas | 3,026% higher than rolling average

The electric energy company is up 30.15% from the significant low of $3.88 it hit 10 months ago. With an average daily volume of 1 million shares.

Enel Americas had a compelling day yesterday, with 32.43 million shares traded helping the company surpass its average daily volume by 3,026%.

Umpqua Bank | 1,000% above rolling average

Trading volume was 24.81 million shares yesterday — beating the daily average by a mammoth 1,000%.

Having set a significant high of $20.93 6 months ago, the local business bank is trading 15.62% lower. 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.