Calm waters presented 3 heavy volume marlins in stocks yesterday

Published: January 26 2023, 02:40 GMT+0

Calm waters presented 3 heavy volume marlins in stocks yesterday

Following yesterday's heightened trading volumes, Terminix Global Holdings, Inc., Enel Américas S.A., Abiomed were the standout stocks.

A quick recap of where the last trading session ended: Markets did not have a clear cut direction — Nasdaq slipped 0.18% and closed at 11,300. S&P 500 closed at 4,016.22 after a flat day.

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.

Terminix | 482% higher than rolling average

Trading volume peaked at 25.88 million shares yesterday, thereby obliterating the daily average of 5.37 million by 482%.

Over the past 8 months, the residential and commercial pest control provider has retreated 19% from a noteworthy peak of $46.98. Trending downwards for around 3 months. Having fallen $2.92 in 19 days,

Enel Americas | 3,026% above rolling average

Enel Americas went down to $4.81, after ending Tuesday at $5.05. Overall, a 4.75% move or 24 cents yesterday.

Yesterday's trading volume peaked at 32.43 million shares, thereby blitzing the daily average of 1 million by 3,026%.

Abiomed | 506% higher than rolling average

Yesterday's trading volume peaked at 15.70 million shares, thereby blitzing the daily average of 3.10 million by 506%.

Abiomed is scheduled to announce earnings results Thursday. The consensus Earnings Per Share estimate is 1.03 and the consensus revenue estimate is $288.72 million.

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

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