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

Published: March 19 2023, 17:40 GMT+0

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

Take a look at the following stocks that showed higher volumes than usual: Terminix Global Holdings, Inc., Starwood Property Trust, Inc., US Foods Holding Corp..

A recap of Friday's session: Leading equity indices in the US declined as Dow Jones closed at 31,862, a 1.19% change. 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

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

The pest control company has shed 13.91% over the past six months. On a negative trend for around 5 months. Terminix has lost 7.59% over the last 19 days.

Starwood Property | 1,382% above rolling average

Starwood Property outpaced its average daily trading volume (3.45 million) with 47.71 million shares traded Friday.

The real estate investment company has lost 4.32% over the last 6 days. Starwood Property's downtrend has seen it decline 18.58% in 6 days

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

US Foods | 1,127% above rolling average

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

Approximately 13 days ago, the US food distributor reached a significant high of $40.1 but has struggled to hold onto its gains and declined 13.77% since then. During a 6 day fall, dropping a total of 12.57%, ($5.52),

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