3 stocks endured heavy volumes amid market jump yesterday

Terminix Global Holdings, Inc., Enel Américas S.A., Umpqua Holdings Corporation had the highest volumes yesterday.

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 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% higher than rolling average

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

The pest control company reached a significant high of $45.66 around 9 months ago but has lost 16.64% since then. Trending downwards for around 7 months. Terminix's bearish run has lasted 19 days so far (-$2.92).

Enel Americas | 3,026% above rolling average

During yesterday's session, Enel Americas toiled and struggled for upward momentum before closing at $4.81. By the close, the the electric energy company suffered a 24 cents or 4.75% loss.

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

Umpqua Holdings Corporation | 1,000% higher than rolling average

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

Approximately 6 months ago, the financial holding company reached a significant high of $20.93 but has struggled to hold onto its gains and declined 15.62% since then. On a negative trend for around 3 months. While on a 16 day downtrend

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