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

Published: March 19 2023, 16:40 GMT+0

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

Following Friday's heightened trading volumes, Terminix Global Holdings, Inc., Starwood Property Trust, Inc., US Foods Holding Corp. were the standout stocks.

Friday's session summary: 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.'s bearish run has lasted 19 days so far (-$2.92). Friday's session continued down the same path: during Friday's session, Terminix toiled and struggled for upward momentum before closing at $37.87. By the close, the the residential and commercial pest control provider suffered a 19 cents or 0.5% loss.

Terminix outpaced its average daily trading volume (5.37 million) with 25.88 million shares traded Friday.

Starwood Property | 1,382% higher than rolling average

Over the last 6 days, Starwood Property has fallen 18.58%. Friday's session continued the recent downtrend: during Friday's session, Starwood Property toiled and struggled for upward momentum before closing at $16.74. By the close, the the US REIT suffered a 55 cents or 3.18% loss.

Friday's trading volume was 47.71 million shares (surpassing the daily average by 1,382%).

US Foods | 1,127% higher than rolling average

US Foods outpaced its average daily trading volume (2.32 million) with 26.18 million shares traded Friday.

The US food distributor has fallen back around 13.77% over the past 13 days, from a notable high of $40.1. During a 6 day fall, dropping a total of 12.57%, ($5.52),

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

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