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

Published: March 19 2023, 10:40 GMT+0

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

A busy day for Terminix Global Holdings, Inc., Starwood Property Trust, Inc., US Foods Holding Corp., being the prominent stocks displaying higher volumes than usual.

Friday's session summary: Leading equity indices in the US declined as Dow Jones closed at 31,862, a 1.19% change. S&P 500 shed 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% higher than rolling average

Terminix Global Holdings, Inc. had a compelling day Friday, with 25.88 million shares traded helping the company surpass its average daily volume by 482%.

The pest control company has shed 13.91% over the past six months. Pointing downwards for around 5 months. Having fallen $2.92 in 19 days,

Starwood Property | 1,382% higher than rolling average

With 47.71 million shares traded Friday, Starwood Property beat its daily average by 1,382% to cap off a frenetic trading day.

The US REIT has lost 4.32% over the last 6 days. Starwood Property's bearish run has lasted 6 days so far (-$3.27).

Starwood Property discloses 48 cents per share dividend to be paid on Friday, January 13th

US Foods | 1,127% above rolling average

Currently up 48 cents today, US Foods is on course to break its five-day losing run. Having soared to a high of $40.1 approximately 13 days ago, the US food giant is now trading 13.77% lower. US Foods's market cap is currently $8.13 billion with an average daily volume of 2.32 million shares.

Friday's trading volume peaked at 26.18 million shares, thereby blitzing the daily average of 2.32 million by 1,127%.

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