Calm waters present 3 heavy volume contenders in stocks

Published: November 25 2022, 15:40 GMT+0

Calm waters present 3 heavy volume contenders in stocks

The highest volumes today go to: Terminix Global Holdings, Inc., Phillips 66 Partners LP, Duke Realty Corp.

Here's the most recent update: Markets are mixed with Dow Jones up to 34,335, gaining 0.41%. Nasdaq drawing back 0.38% to 11,243.

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.

Beating the average by 482%: Terminix currently down 0.5% prior to afternoon session

A hectic day for Terminix Global Holdings, Inc., surpassing its average daily volume by 482% to reach 25.88 million. While on a 19 day slump, falling a total of 7.59%, similar trend today: Terminix is down to $37.87, after ending Wednesday at $38.06. Overall, a 0.5% loss or 19 cents today.

The residential and commercial pest control provider has shed 13.42% over the past three months. The company has a market cap of $4.60 billion with an average daily volume of 5.37 million shares. Terminix has a forecast of $545.27 million with an EPS of 40 cents.

Eclipsing the average by 221%: Upward momentum peaks at $44.09 for Phillips 66 Partners

A blockbuster trading session for Phillips 66 Partners, eclipsing its average daily volume by 221% and recording 16.20 million. Phillips 66 Partners is on a 10 day bullish run gaining 0 cents (1.89%). consistent for now — after closing the previous trading day at $41.23, Phillips 66 Partners is up to $42, which makes for a move of 1.89%/77 cents today.

11 months ago, the multifaceted crude oil business fell to a low of $34.26 but has since recovered 20.34%. The Nasdaq has been doing worse in 2022, it has been passing it by 51.19%. With an average daily trading volume of 7.33 million shares. Phillips 66 Partners expected revenue of $436.47 million with an EPS of 94.5 cents.

After closing the last session at $47.97, Duke Realty increases to $48.2 (up 23 cents) After 22 days of going down, Duke Realty is up 0.48% today

While Duke Realty is on a 28 day stint of flat trade, todays session shows some improvement: after closing the previous trading day at $47.97, Duke Realty is up to $48.2, which makes for a move of 0.48%/23 cents today.

The US REIT has shed 22.28% over the past three months. So far in 2022, it has been under-performing the S&P 500 by 6.33%. The company has a market cap of $18.56 billion $280.15 million was Duke Realty's last reported revenue with 27 cents being the current EPS.

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

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