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: 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% above rolling average

Yesterday's trading volume peaked at 25.88 million shares, thereby blitzing the daily average of 5.37 million by 482%.

The residential and commercial pest control provider has fallen back around 16.64% from the significant high of $45.66 set 9 months ago. On a negative trend for around 7 months. Having fallen $2.92 in 19 days,

Enel Americas | 3,026% above rolling average

With 32.43 million shares traded yesterday, Enel Americas beat its daily average by 3,026% to cap off a frenetic trading day.

The electric energy 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 Holdings Corporation had a compelling day yesterday, with 24.81 million shares traded helping the company surpass its average daily volume by 1,000%.

Approximately 6 months ago, the local business bank reached a significant high of $20.93 but has struggled to hold onto its gains and declined 15.62% since then. Pointing downwards for around 3 months. While on a 16 day downtrend

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