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

Published: March 19 2023, 08:40 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. led the pack during Friday's heightened trading volumes.

A quick recap of where the last trading session ended: Leading equity indices in the US declined as Dow Jones closed at 31,862, a 1.19% change. S&P 500 lost 1.1% and ended the session 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

The pest control company has shed 13.91% over the past six months. Pointing downwards for around 5 months. With an average daily trading volume of 5.37 million shares.

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

Starwood Property | 1,382% higher than rolling average

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

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 peaked at 26.18 million shares Friday, thereby obliterating the daily average of 2.32 million by 1,127%.

The US food giant 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.