Bank of America, American Tower Among Stocks Down on High Volume Wednesday

FOXBusiness

There are a few stocks that are down on high volume today:

  • Bank of America (NYSE:BAC) traded on a volume of 250.8 million, or 2.2 its average daily volume, but its price was down. Shares were off 4.9% to $7.53. The stock is down over the last three months, having fallen 83 cents (-9.9%) from $8.36 on April 20, 2012. The stock has moved down across its 200-day moving average of $7.71 today.

Continue Reading Below

  • Trading at a volume of 6.3 million, or 2.6 its average daily volume, American Tower (NYSE:AMT) was down on high volume today. Closing at $70.10, shares slipped 4%.
  • After trading at a volume of 4.4 million, or 3.1 its average daily volume, (NYSE:AGN) saw its price drop. The stock price dropped 2.7% to $87.52. Over the last three months, the stock has lost $8.06 (-8.4%) from a price of $95.58 on April 20, 2012. The stock is trading at 95.9% of its 50-day moving average and 96.5% of its 200-day moving average.
  • Dollar General (NYSE:DG) traded on a volume of 4.3 million, or 1.9 its average daily volume, but its price was down. With a closing price of $53.74, shares were down 2.4%. Shares have shown some positive movement over the last two months as the price has climbed $8.09 (17.7%) from a price of $45.65 on May 18, 2012. The stock has dropped a step closer to its 50-day moving average, sitting just 2.8% above the mark.
  • Capital One Financial (NYSE:COF) saw its price drop on above-normal volume today, as 4.1 million shares have changed hands or 1.7 times its average daily volume. Closing at $54.89, shares dropped 1.7%. Shares are up over the last two months, having risen $5.76 (11.7%) from a price of $49.13 on May 18, 2012. The stock is trading 3.2% above its 50-day moving average and 6.5% above its 200-day moving average.
  • Rio Tinto plc (NYSE:RIO) was trading down on above-average volume with 4.3 million shares moving, or 1.5 its average daily volume. Closing at $45.75, shares slipped 1.1%. The stock has lost momentum over the last three months, losing $11.37 (-19.9%) from $57.12 on April 20, 2012. The stock has moved down across its 50-day moving average of $46.19 today.
  • After trading at a volume of 2.6 million, or 1.7 its average daily volume, (NYSE:CCI) saw its price drop. The stock price dropped 2.4% to $58.82. The stock has been on the rise in the last two months, up $5.96 (11.3%) from a price of $52.86 on May 18, 2012. The stock has dropped a step closer to its 50-day moving average, sitting just 2.1% above the mark.
  • HSBC Holdings plc (NYSE:HBC) traded on a volume of 3.4 million, or 2.3 its average daily volume, but its price was down. Closing at $42.73, shares were down 1.3%. Shares have shown some positive movement over the last two months as the price has climbed $2.37 (5.9%) from a price of $40.36 on May 18, 2012. The stock has moved down across its 200-day moving average of $42.85 today.
  • Northern (NASDAQ:NTRS) experienced a price drop on above-average volume today, with 2.2 million shares, or 1.6 its average daily volume, changing hands. Closing at $46.24, shares dropped 1.8%. The stock has been on an upward trajectory over the last two months, climbing $3.07 (7.1%) from a price of $43.17 on May 18, 2012. The stock is trading 3.3% above its 50-day moving average and 4.4% above its 200-day moving average.