Ebay, Covidien Among Stocks Down on High Volume Wednesday

Published May 30, 2012

| FOXBusiness

These stocks are down on high volume today:

  • Ebay (EBAY) was down on high volume, trading with volume of 23.4 million, or 1.9 its average daily volume. Shares were down 4.6% to $39.59. Over the last three months, the stock has gained $3.34 (9.2%) from a price of $36.25 on March 2, 2012. The stock has dropped a step closer to its 50-day moving average, sitting just 0.6% above the mark.

  • Covidien (COV) saw its price drop on above-normal volume today, as 5.9 million shares have changed hands or 1.9 times its average daily volume. Shares fell 2.3% to $51.90. The share price has been slipping in the last month, down $3.33 (-6%) from $55.23 on April 30, 2012. The stock has dropped a step closer to its 200-day moving average, sitting just 1.8% above the mark.

  • Trading with volume of 6.2 million, or 1.6 its average daily volume, Kohl's (KSS) saw its price drop on above-normal volume. Closing at $48.82, shares dropped 3.6%. The stock has been losing steam over the last month, decreasing $1.31 (-2.6%) from a price of $50.13 on April 30, 2012. The stock has moved down across its 50-day moving average of $49.45 today.

  • Trading at a volume of 8.2 million, or 1.5 its average daily volume, Toll Brothers (TOL) was down on high volume today. Closing at $27.23, shares slipped 5.1%. Shares have been on on the rise over the past three months, climbing $1.83 (7.2%) from a price of $25.40 on April 30, 2012. The stock is trading 5.7% above its 50-day moving average and 16.1% above its 200-day moving average.

  • Tractor Supply Company (TSCO) experienced a price drop on above-average volume today, with 2.2 million shares, or 1.7 its average daily volume, changing hands. With a closing price of $89.52, shares were off 3.2%. The stock has been going in a negative direction over the last month, dropping $8.89 (-9%) from a price of $98.41 on April 30, 2012. The stock is trading 4.8% above its 200-day moving average.

  • After trading at a volume of 1.3 million, or 1.8 its average daily volume, (CLB) saw its price drop. Shares dropped 6.3% to $128.97. Shares are down $8.02 (-5.9%) from a price of $136.99 on May 22, 2012. The stock is trading 4.4% above its 200-day moving average.

  • Canadian Natural Resource (CNQ) was down on high volume, trading with volume of 5.1 million, or 1.5 its average daily volume. Shares fell 7.5% to $28.98. The stock has lost momentum over the last three months, losing $7.80 (-21.2%) from $36.78 on March 2, 2012. The stock is trading at 91.8% of its 50-day moving average and 83.7% of its 200-day moving average.

  • Tata Motors (TTM) was down on high volume after trading at a volume of 5.9 million, or 2.1 its average daily volume. Closing at $20.84, shares slipped 9.9%. Over the last month, the share price has dropped $8.91 (-29.9%) from $29.75 on April 30, 2012. The stock is trading at 77.6% of its 50-day moving average and 86.2% of its 200-day moving average.

  • After trading at a volume of 1.2 million, or 1.6 its average daily volume, (SXCI) saw its price drop. Closing at $88.74, shares slipped 2.8%. Share price is up, having risen $1.84 (2%) from $90.58 on April 30, 2012. The stock has dropped a step closer to its 50-day moving average, sitting just 0.1% above the mark.

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http://www.foxbusiness.com/markets/2012/05/30/ebay-covidien-among-stocks-down-on-high-volume-wednesday/