Bristol-Myers Squibb, Petroleo Brasileiro Among Stocks Down on Above-average Volume Monday

A few stocks are down on high volume today:

  • Bristol-Myers Squibb (NYSE:BMY) experienced a price drop on above-average volume today, with 21.4 million shares, or 1.9 its average daily volume, changing hands. Closing at $34.13, shares slipped 3.5%. Share price is up $1.14 (3.5%) from $32.99 on May 24, 2012. The stock has dropped a step closer to its 50-day moving average, sitting just 0.9% above the mark.
  • After trading at a volume of 30.7 million, or 1.6 its average daily volume, (NYSE:PBR) saw its price drop. With a closing price of $17.84, shares were off 9%. Over the last three months, the stock has lost $8.67 (-32.7%) from a price of $26.51 on March 28, 2012. The stock is trading at 89% of its 50-day moving average and 72.2% of its 200-day moving average.
  • Royal Dutch Shell plc (NYSE:RDS.A) was trading down on above-average volume with 5.2 million shares moving, or 1.7 its average daily volume. At $64.79, the stock price has fallen 1.8%. The stock has been on a downward trajectory over the last two months, falling $6.71 (-9.4%) from a price of $71.50 on April 26, 2012. The stock has moved down across its 50-day moving average of $64.89 today.
  • Cooper Industries plc (NYSE:CBE) experienced a price drop on above-average volume today, with 4.8 million shares, or two its average daily volume, changing hands. Closing at $66.20, shares were down 1.3%. Over the last month, the share price has dropped $5.33 (-7.5%) from $71.53 on May 24, 2012. The stock is trading 7.2% above its 200-day moving average.
  • Trading with volume of 5.7 million, or 1.8 its average daily volume, Cameron International (NYSE:CAM) saw its price drop on above-normal volume. With a closing price of $38.91, shares dropped 5.4%. The stock is down over the last two months, having fallen $12.54 (-24.4%) from a price of $51.45 on April 26, 2012. The stock is trading at 84.5% of its 50-day moving average and 78.1% of its 200-day moving average.
  • Cardinal Health (NYSE:CAH) was trading down on above-average volume with 2.9 million shares moving, or 1.7 its average daily volume. With a closing price of $40.67, shares were off 2.4%. The stock is down over the last three months, having fallen $2.25 (-5.2%) from $42.92 on March 28, 2012. The stock is trading at 97.3% of its 50-day moving average and 97.2% of its 200-day moving average.
  • ABB (NYSE:ABB) traded on a volume of 7.2 million, or 2.4 its average daily volume, but its price was down. With a closing price of $15.42, shares were off 2.5%. The stock has fallen over the last three months, dropping $4.78 (-23.7%) from $20.20 on March 28, 2012. The stock is trading at 93.3% of its 50-day moving average and 82.3% of its 200-day moving average.
  • Kansas City Southern (NYSE:KSU) saw its price drop on above-normal volume today, as 1.4 million shares have changed hands or 1.5 times its average daily volume. The stock price declined 1.5%, closing at $66.71. The stock has been declining in the last two months, down $10.79 (-13.9%) from a price of $77.50 on April 26, 2012. The stock is trading at 97.2% of its 50-day moving average and 96.4% of its 200-day moving average.
  • Trading at a volume of 3.2 million, or 1.9 its average daily volume, DISH Network (NASDAQ:DISH) was down on high volume today. Shares were off 4.9% to $26.99. The stock has lost momentum over the last three months, losing $5.48 (-16.9%) from $32.47 on March 28, 2012. The stock is trading at 94.2% of its 50-day moving average and 92.4% of its 200-day moving average.