Discover the 3 highest volume stocks amid Friday's market sell-off

Published: March 19 2023, 07:40 GMT+0

Discover the 3 highest volume stocks amid Friday's market sell-off

Terminix Global Holdings, Inc., Starwood Property Trust, Inc., US Foods Holding Corp. 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 declined as after dropping 1.19%, Dow Jones closed at 31,862. S&P 500 slipped 1.1% and closed at 3,916.64.

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.

Though trading was down Friday, some stocks reached high volumes. Here is an update.

Terminix | 482% above rolling average

Terminix Global Holdings, Inc. has lost 7.59% over the last 19 days. Friday's session continued the recent downtrend: during Friday's session, Terminix toiled and struggled for upward momentum before closing at $37.87. By the close, the the pest control company suffered a 19 cents or 0.5% loss.

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

Starwood Property | 1,382% higher than rolling average

Over the last 6 days, Starwood Property has fallen 18.58%. More of the same from Friday's session: during Friday's session, Starwood Property toiled and struggled for upward momentum before closing at $16.74. By the close, the the real estate investment company suffered a 55 cents or 3.18% loss.

Starwood Property had a compelling day Friday, with 47.71 million shares traded helping the company surpass its average daily volume by 1,382%.

US Foods | 1,127% above rolling average

During a 6 day fall, dropping a total of 12.57%, ($5.52), Friday may indicate a change of direction; US Foods rose 48 cents to close at $35.06 Friday which makes for a move of 1.39%.

With 26.18 million shares traded Friday, US Foods beat its daily average by 1,127% to cap off a frenetic trading day.

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

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