Intel, Coca-Cola Among Stocks Down on Above-average Volume Wednesday

Published August 29, 2012

| FOXBusiness

Today, a few stocks are down on high volume:

  • Intel (INTC) traded on a volume of 60.2 million, or 1.8 its average daily volume, but its price was down. Shares were down 1.3%, closing at $24.67. Shares are down over the last two months as the price has dropped $2.00 (-7.5%) from a price of $26.66 on July 2, 2012. The stock is trading at 95.2% of its 50-day moving average and 93.1% of its 200-day moving average.

  • Coca-Cola (KO) was down on high volume after trading at a volume of 18.2 million, or 1.7 its average daily volume. Closing at $37.46, shares dropped 1.4%. The stock is trading at 60.4% of its 50-day moving average and 53.2% of its 200-day moving average.

  • After trading at a volume of 31.1 million, or 1.7 its average daily volume, (VALE) saw its price drop. Shares fell 2.8% to $16.10. The stock is down over the last two months, having fallen $4 (-19.9%) from a price of $20.10 on July 2, 2012. The stock is trading at 88% of its 50-day moving average and 78.6% of its 200-day moving average.

  • Nokia Corporation (NOK) saw its price drop on above-normal volume today, as 95.1 million shares have changed hands or 1.8 times its average daily volume. With a closing price of $2.90, shares were down 4.3%. The stock has moved down across its 50-day moving average of $2.47 today.

  • Devon Energy (DVN) was trading down on above-average volume with 4.4 million shares moving, or 1.6 its average daily volume. Shares were down 2.6%, closing at $58.73. Shares are down, having dropped $2.50 (-4.1%) from a price of $61.23 on August 22, 2012. The stock has moved down across its 50-day moving average of $58.62 today.

  • Trading at a volume of 3.7 million, or 2.1 its average daily volume, HJ Heinz (HNZ) was down on high volume today. At $56.12, the stock price has fallen 2.2%. Share price climbed over the last three months, now up $3.50 (6.7%) from $52.62 on June 4, 2012. The stock has dropped a step closer to its 50-day moving average, sitting just 1.4% above the mark.

  • Concho Resources (CXO) was down on high volume after trading at a volume of 1.1 million, or 1.7 its average daily volume. Shares were down 2.4% to $89.70. Share price is up, having risen $4.45 (5.2%) from $85.25 on July 31, 2012. The stock has moved down across its 50-day moving average of $90.27 today.

  • T Rowe Price (TROW) experienced a price drop on above-average volume today, with 1.5 million shares, or 2.1 its average daily volume, changing hands. The stock price declined 1.1%, closing at $61.38. Share price is up 63 cents (1%) from $60.75 on July 31, 2012. The stock has dropped a step closer to its 200-day moving average, sitting just 0.9% above the mark.

  • Trading at a volume of 2.5 million, or two its average daily volume, Superior Energy Services (SPN) was down on high volume today. Shares were down 2.5%, closing at $20.79. Shares are down $1.95 (-8.6%) from a price of $22.74 on August 22, 2012. The stock is trading at 95.7% of its 50-day moving average and 88.5% of its 200-day moving average.

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http://www.foxbusiness.com/markets/2012/08/29/intel-coca-cola-among-stocks-down-on-above-average-volume-wednesday/