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

Published: March 19 2023, 11:40 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.

Friday's session summary: Leading equity indices in the US declined as Dow Jones lost 1.19% and ended the session at 31,862. 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

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

The pest control company traded as high as $46.98 before shedding 13.91% lower 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

Starwood Property went down to $16.74 (3.18%), adding to its six days of losses. The US REIT has lost 4.32% over the last 6 days. Currently, the US REIT has a market capitalization of $5.36 billion with an average daily trading volume of 3.45 million shares.

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

US Foods | 1,127% above rolling average

Friday's trading volume was 26.18 million shares (surpassing the daily average by 1,127%).

The US food giant reached a significant high of $40.1 around 13 days ago but has lost 13.77% since then. While in the midst of a 6 day downtrend, losing a total of 12.57% ($5.52),

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