Calm waters presented 3 heavy volume marlins in stocks today

Published: January 17 2023, 22:40 GMT+0

Calm waters presented 3 heavy volume marlins in stocks today

National Instruments Corporation, Terminix Global Holdings, Inc., Enel Américas S.A. and others reached higher-than-usual trading volumes.

Here's an update with information from the last trading session: Markets completed a mixed session today, as Dow Jones shed 1.14% and closed at 33,900. After dropping 0.2%, S&P 500 closed at 3,991.

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.

NI | 913% above rolling average

National Instruments Corporation outpaced its average daily trading volume (1.85 million) with 16.88 million shares traded today.

The automated test equipment company has gained 27.05% since its lowest print of $31 earlier this year. NI has posted further gains as part of an 8 day trend that has already seen the stock gain $10.53.

NI discloses 28 cents per share dividend to be paid on Monday, November 28th

Terminix | 482% higher than rolling average

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

8 months ago the residential and commercial pest control provider reached a significant high of $46.98 but has consequently lost 19% since then. On a negative trend for around 3 months. Having fallen $2.92 in 19 days,

Enel Americas | 3,026% above rolling average

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

Trading volume peaked at 32.43 million shares today, thereby obliterating the daily average of 1 million by 3,026%.

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