Citigroup, Lowe's Cos Among Stocks Down on Above-average Volume Tuesday

Published May 15, 2012

| FOXBusiness

Today, a few stocks are down on high volume:

  • Trading with volume of 60.5 million, or 1.5 its average daily volume, Citigroup (C) saw its price drop on above-normal volume. Closing at $27.79, shares slipped 1.2%. The stock has been on a downward trajectory over the last two months, declining $8.90 (-24.3%) from a price of $36.69 on March 16, 2012. The stock is trading at 83% of its 50-day moving average and 88% of its 200-day moving average.

  • Lowe's Cos (LOW) was down on high volume, trading with volume of 26.2 million, or 2.1 its average daily volume. Closing at $29.03, shares dropped 1.8%. The stock has been losing steam over the last month, dropping $3.02 (-9.4%) from a price of $32.05 on April 16, 2012. The stock is trading 5.5% above its 200-day moving average.

  • Capital One Financial (COF) was down on high volume after trading at a volume of seven million, or 1.6 its average daily volume. Shares were off 2% to $51.28. The stock has been decreasing in the last two months, down $3.22 (-5.9%) from a price of $54.50 on March 16, 2012. The stock is trading 4.1% above its 200-day moving average.

  • Sherwin-Williams (SHW) was trading down on above-average volume with 2.9 million shares moving, or 2.1 its average daily volume. At $118.43, the stock price has fallen 1.8%. Share price is up, having risen $1.06 (0.9%) from $117.37 on April 16, 2012. The stock has dropped a step closer to its 50-day moving average, sitting just 1.2% above the mark.

  • Polo Ralph Lauren (RL) traded on a volume of 1.8 million, or 2.1 its average daily volume, but its price was down. Shares were down 3.8%, closing at $151.53. Shares are down over the last two months as the price has dropped $26.22 (-14.8%) from a price of $177.75 on March 16, 2012. The stock is trading at 89% of its 50-day moving average and 94.3% of its 200-day moving average.

  • After trading at a volume of 4.3 million, or 1.8 its average daily volume, (EL) saw its price drop. Shares dropped 1.7% to $56.47. The stock is down over the last two months, having fallen $7.20 (-11.3%) from a price of $63.67 on March 16, 2012. The stock is trading at 90.9% of its 50-day moving average and 88.8% of its 200-day moving average.

  • Trading at a volume of 16.4 million, or 1.7 its average daily volume, Taiwan Semiconductor Mfg. (TSM) was down on high volume today. Shares were down 1.9% to $14.79. Shares are down, having dropped 37 cents (-2.4%) from a price of $15.16 on May 8, 2012. The stock is trading 4.9% above its 200-day moving average.

  • Stanley Black & Decker (SWK) traded on a volume of three million, or 1.7 its average daily volume, but its price was down. Shares were down 2.3%, closing at $67.92. The stock has been sliding in the last two months, down $12.29 (-15.3%) from a price of $80.21 on March 16, 2012. The stock is trading at 90.9% of its 50-day moving average and 95.4% of its 200-day moving average.

  • Nucor (NUE) saw its price drop on above-normal volume today, as 4.1 million shares have changed hands or 1.5 times its average daily volume. Closing at $35.79, shares were down 2.5%. The stock has been on a downward trajectory over the last two months, falling $8.44 (-19.1%) from a price of $44.23 on March 16, 2012. The stock is trading at 89.4% of its 50-day moving average and 88.2% of its 200-day moving average.

URL

http://www.foxbusiness.com/markets/2012/05/15/citigroup-lowe3s-cos-among-stocks-down-on-above-average-volume-tuesday/