Intel, Philip Morris International Among Stocks Down on Above-average Volume Thursday

Published August 23, 2012

| FOXBusiness

These are stocks that are down on high volume today:

  • Intel (INTC) was down on high volume after trading at a volume of 50.9 million, or 1.8 its average daily volume. The stock price declined 2.7%, closing at $25.04. Shares are down $1.55 (-5.8%) from a price of $26.59 on August 16, 2012. The stock is trading at 96% of its 50-day moving average and 94.4% of its 200-day moving average.

  • Philip Morris International (PM) experienced a price drop on above-average volume today, with 6.8 million shares, or 1.9 its average daily volume, changing hands. Closing at $88.69, shares were down 2.4%. The stock has been on an upward trajectory over the last two months, rising $4.66 (5.5%) from a price of $84.03 on June 26, 2012. The stock has dropped a step closer to its 200-day moving average, sitting just 2.5% above the mark.

  • After trading at a volume of 3.5 million, or 2.3 its average daily volume, (VMW) saw its price drop. Closing at $91.24, shares slipped 4%. The stock has been decreasing recently, and shares are down $6.81 (-6.9%) from a price of $98.05 on August 16, 2012. The stock has moved down across its 50-day moving average of $91.89 today.

  • Potash Corp./Saskatchewan (POT) saw its price drop on above-normal volume today, as 6.9 million shares have changed hands or 1.6 times its average daily volume. Shares were down 2.8%, closing at $41.35. The stock has seen some negative movement recently as shares are down $3.15 (-7.1%) from a price of $44.50 on August 16, 2012. The stock is trading at 94.5% of its 50-day moving average and 96.1% of its 200-day moving average.

  • Simon Property Group (SPG) traded on a volume of 1.5 million, or 1.6 its average daily volume, but its price was down. The stock price declined 1.4%, closing at $156.46. Shares have been on on the rise over the past three months, climbing 12 cents (0.1%) from a price of $156.34 on July 25, 2012. The stock is trading 4.6% above its 200-day moving average.

  • Trading at a volume of 4.6 million, or 2.3 its average daily volume, Dollar General (DG) was down on high volume today. With a closing price of $49.71, shares were off 1.6%. The stock has been dropping in the last two months, down $5.24 (-9.5%) from a price of $54.95 on June 26, 2012. The stock has dropped a step closer to its 200-day moving average, sitting just 2.5% above the mark.

  • Health Care REIT (HCN) was down on high volume after trading at a volume of 3.5 million, or 1.9 its average daily volume. Shares were down 1.6%, closing at $57.22. The share price has dropped $3.65 (-6%) from $60.87 on July 25, 2012. The stock has dropped a step closer to its 200-day moving average, sitting just 0.6% above the mark.

  • Trading with volume of 4.9 million, or two its average daily volume, BB&T (BBT) saw its price drop on above-normal volume. Closing at $31.01, shares dropped 2.3%. Shares are up over the last two months, having risen $1.57 (5.3%) from a price of $29.44 on June 26, 2012. The stock has dropped a step closer to its 200-day moving average, sitting just 2.2% above the mark.

  • Northrop Grumman (NOC) traded on a volume of 2.2 million, or 1.6 its average daily volume, but its price was down. Closing at $66.92, shares dropped 2.1%. Share price is up $3.01 (4.7%) from $63.91 on July 25, 2012. The stock has dropped a step closer to its 50-day moving average, sitting just 1.1% above the mark.

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http://www.foxbusiness.com/markets/2012/08/23/intel-philip-morris-international-among-stocks-down-on-above-average-volume/