LyondellBasell Industries, CIGNA Corporation Among Stocks Down on High Volume Monday

Published April 30, 2012

| FOXBusiness

There are a few stocks down on high volume today:

  • LyondellBasell Industries (LYB) experienced a price drop on above-average volume today, with 9.5 million shares, or 3.5 its average daily volume, changing hands. With a closing price of $41.78, shares were off 8.6%. Shares are down, having dropped $1.97 (-4.5%) from a price of $43.75 on April 23, 2012. The stock is trading 7.4% above its 200-day moving average.

  • CIGNA Corporation (CI) experienced a price drop on above-average volume today, with 4.9 million shares, or 1.6 its average daily volume, changing hands. Closing at $46.23, shares slipped 1.4%. The share price has dropped $2.74 (-5.6%) from $48.97 on March 29, 2012. The stock has dropped a step closer to its 200-day moving average, sitting just 2.5% above the mark.

  • Trading at a volume of 4.7 million, or 1.5 its average daily volume, Companhia de Bebidas das Americas (ABV) was down on high volume today. Shares fell 3.2% to $41.98. Share price is up 33 cents (0.8%) from $41.65 on March 29, 2012. The stock is trading 10.2% above its 200-day moving average.

  • Mylan (MYL) was down on high volume, trading with volume of 8.9 million, or 1.7 its average daily volume. Closing at $21.69, shares dropped 1.8%. The stock has been declining in the last two months, down $1.95 (-8.2%) from a price of $23.64 on March 1, 2012. The stock has dropped a step closer to its 200-day moving average, sitting just 1.6% above the mark.

  • Trading with volume of 5.2 million, or 1.9 its average daily volume, NYSE Euronext (NYX) saw its price drop on above-normal volume. At $25.75, the stock price has fallen 4.9%. The stock is down over the last two months, having fallen $3.92 (-13.2%) from a price of $29.67 on March 1, 2012. The stock is trading at 90.7% of its 50-day moving average and 92.6% of its 200-day moving average.

  • TRW Automotive Holdings (TRW) was trading down on above-average volume with two million shares moving, or 1.7 its average daily volume. Shares were down 3.2% to $45.71. The stock has risen $6.73 (17.3%) over the last three months from a price of $38.98 on February 1, 2012. The stock has dropped a step closer to its 50-day moving average, sitting just 1.4% above the mark.

  • Pall Corporation (PLL) experienced a price drop on above-average volume today, with 1.4 million shares, or 2.3 its average daily volume, changing hands. Closing at $59.61, shares slipped 1.3%. The stock has been on a downward trajectory over the last two months, sliding $3.67 (-5.8%) from a price of $63.28 on March 1, 2012. The stock has dropped a step closer to its 50-day moving average, sitting just 0.1% above the mark.

  • PetSmart (PETM) traded on a volume of 1.1 million, or 1.9 its average daily volume, but its price was down. Shares fell 1.3% to $58.26. Share price is up, having risen $1.14 (2%) from $57.12 on March 29, 2012. The stock has dropped a step closer to its 50-day moving average, sitting just 2.2% above the mark.

  • Trading with volume of 2.5 million, or 1.8 its average daily volume, Penn West Petroleum (PWE) saw its price drop on above-normal volume. Closing at $17.14, shares were down 1.3%. Shares are down over the last two months as the price has dropped $5.01 (-22.6%) from a price of $22.15 on March 1, 2012. The stock is trading at 92.1% of its 50-day moving average and 88.9% of its 200-day moving average.

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http://www.foxbusiness.com/markets/2012/04/30/lyondellbasell-industries-cigna-corporation-among-stocks-down-on-high-volume/