Discover the stocks that enjoyed record volumes amid Friday's decline

Published: March 19 2023, 06:40 GMT+0

Discover the stocks that enjoyed record volumes amid Friday's decline

Terminix Global Holdings, Inc., Starwood Property Trust, Inc., US Foods Holding Corp. and others reached higher-than-usual trading volumes.

A recap of Friday's session: Leading equity indices in the US declined as Dow Jones lost 1.19% and ended the session at 31,862. S&P 500 closed at 3,916.64, a 1.1% change.

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

Having fallen $2.92 in 19 days, More of the same from Friday's session: 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.

Friday's trading volume was 25.88 million shares (surpassing the daily average by 482%).

Starwood Property | 1,382% higher than rolling average

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

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

Trading volume was 26.18 million shares Friday — beating the daily average by a mammoth 1,127%.

Over the past 13 days, the US food distributor has retreated 13.77% from a noteworthy peak 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.