Published August 30, 2012 4:33pm EDT | Updated January 14, 2015 3:45am EST

Baker Hughes, Rio Tinto plc Among Stocks Down on High Volume Thursday

These stocks are down on high volume today:

After trading at a volume of 6.1 million, or 2.3 its average daily volume, (NYSE:BHI) saw its price drop. Closing at $45, shares dropped 1.8%. Shares have been on on the rise over the past three months, climbing $1.99 (4.2%) from a price of $46.99 on August 1, 2012. The stock has dropped a step closer to its 200-day moving average, sitting just 1.8% above the mark.

Rio Tinto plc (NYSE:RIO) was down on high volume after trading at a volume of 4.7 million, or two its average daily volume. At $43, the stock price has fallen 2%. The stock has been decreasing in the last two months, down $6.47 (-13.1%) from a price of $49.47 on July 3, 2012. The stock is trading at 91.5% of its 50-day moving average and 86.4% of its 200-day moving average.

Trading at a volume of 3.1 million, or 1.9 its average daily volume, BHP Billiton (NYSE:BHP) was down on high volume today. Shares were down 3.5% to $64.98. Share price rose over the last three months, now up $3.75 (6.1%) from $61.23 on June 5, 2012. The stock has moved down across its 50-day moving average of $67.13 today.

After trading at a volume of 4.2 million, or 2.2 its average daily volume, (NASDAQ:CHKP) saw its price drop. Closing at $45.93, shares were down 3.8%. The stock has fallen over the last three months, dropping $5.99 (-11.5%) from $51.92 on June 5, 2012. The stock is trading at 93.8% of its 50-day moving average and 86.2% of its 200-day moving average.

Cameron International (NYSE:CAM) was down on high volume, trading with volume of 3.3 million, or 1.5 its average daily volume. With a closing price of $53.23, shares dropped 1.8%. Shares are up over the last two months, having risen $8.68 (19.5%) from a price of $44.55 on July 3, 2012. The stock is trading 5.6% above its 50-day moving average and 7.8% above its 200-day moving average.

Weatherford International (NYSE:WFT) traded on a volume of 12.6 million, or 1.6 its average daily volume, but its price was down. The stock price dropped 1.4% to $11.77. The stock has been on a downward trajectory over the last two months, sinking $1.25 (-9.6%) from a price of $13.02 on July 3, 2012. The stock is trading at 94.4% of its 50-day moving average and 86.9% of its 200-day moving average.

M&T Bank (NYSE:MTB) was trading down on above-average volume with 1.7 million shares moving, or 1.6 its average daily volume. Closing at $87, shares dropped 1.7%. The stock has risen $10.02 (13%) over the last three months from a price of $76.98 on June 5, 2012. The stock has dropped a step closer to its 50-day moving average, sitting just 1% above the mark.

Teck Resources (NYSE:TCK) was down on high volume after trading at a volume of 2.5 million, or 1.6 its average daily volume. Shares were down 4.7%, closing at $27.45. The stock is down over the last two months, having fallen $5.13 (-15.7%) from a price of $32.58 on July 3, 2012. The stock is trading at 93.8% of its 50-day moving average and 84% of its 200-day moving average.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) saw its price drop on above-normal volume today, as 6.7 million shares have changed hands or 1.8 times its average daily volume. Shares were down 4.1% to $9.21. Share price is up 11 cents (1.2%) from $9.32 on August 1, 2012. The stock has moved down across its 50-day moving average of $9.38 today.