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

Published: March 19 2023, 19:40 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 quick recap of where the last trading session ended: Leading equity indices in the US declined as Dow Jones slipped 1.19% and closed at 31,862. After dropping 1.1%, S&P 500 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. had a compelling day Friday, with 25.88 million shares traded helping the company surpass its average daily volume by 482%.

The pest control company traded as high as $46.98 before shedding 13.91% lower over the past six months. Trending 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 real estate investment company has lost 4.32% over the last 6 days. Starwood Property's market cap is currently $5.36 billion with an average daily 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% higher than 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.

The US food giant is now trading 13.77% below the significant high of $40.1 it set around 13 days ago. During a 6 day fall, dropping a total of 12.57%, ($5.52),

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