Bank of America, Citigroup Among Stocks Down on Above-average Volume Friday

There are a few stocks down on high volume today:

• Bank of America (NYSE:BAC) traded on a volume of 244.3 million, or 1.5 its average daily volume, but its price was down. Closing at $7.55, shares slipped 1.9%. The share price has dropped $1.62 (-17.7%) from $9.17 on April 12, 2012. The stock has moved down across its 200-day moving average of $7.56 today.

• Citigroup (NYSE:C) was trading down on above-average volume with 59.4 million shares moving, or 1.8 its average daily volume. The stock price declined 4.2%, closing at $29.35. The stock has been on a downward trajectory over the last two months, falling $5.86 (-16.6%) from a price of $35.21 on March 14, 2012. The stock is trading at 86.6% of its 50-day moving average and 92.8% of its 200-day moving average.

• Chesapeake Energy (NYSE:CHK) saw its price drop on above-normal volume today, as 85.1 million shares have changed hands or 1.6 times its average daily volume. Shares dropped 13.8% to $14.81. The stock is trading at 75% of its 50-day moving average and 64.2% of its 200-day moving average.

• Morgan Stanley (NYSE:MS) traded on a volume of 56 million, or 1.9 its average daily volume, but its price was down. Closing at $14.95, shares were down 4.2%. The stock has fallen over the last three months, dropping $4.10 (-21.5%) from $19.05 on February 14, 2012. The stock is trading at 84.6% of its 50-day moving average and 85.8% of its 200-day moving average.

• Lowe's Cos (NYSE:LOW) was trading down on above-average volume with 19.8 million shares moving, or 1.7 its average daily volume. Closing at $29.62, shares slipped 1.9%. Over the last three months, the stock has gained $2.43 (8.9%) from a price of $27.19 on February 14, 2012. The stock is trading 7.7% above its 200-day moving average.

• Avon Products (NYSE:AVP) saw its price drop on above-normal volume today, as 22.6 million shares have changed hands or 2.1 times its average daily volume. Shares fell 3.4% to $20.19. The stock has risen $2.39 (13.4%) over the last three months from a price of $17.80 on February 14, 2012. The stock is trading 3.8% above its 200-day moving average.

• Yahoo (NASDAQ:YHOO) experienced a price drop on above-average volume today, with 20.4 million shares, or 1.6 its average daily volume, changing hands. The stock price dropped 1.6% to $15.19. Over the last two months, shares have shown some positive movement as the price has climbed 56 cents (3.8%) from a price of $14.63 on March 14, 2012. The stock has moved down across its 50-day moving average of $15.29 today.

• Trading at a volume of 1.4 million, or 2.6 its average daily volume, WW Grainger (NYSE:GWW) was down on high volume today. The stock price declined 3.9%, closing at $194.57. The stock has been declining in the last two months, down $21.54 (-10%) from a price of $216.11 on March 14, 2012. The stock has moved down across its 200-day moving average of $196.61 today.

• Trading with volume of 5.2 million, or 2.1 its average daily volume, Harley-Davidson (NYSE:HOG) saw its price drop on above-normal volume. Shares were off 3.7% to $48.79. The stock has been slipping recently, and shares are down $3.10 (-6%) from a price of $51.89 on May 4, 2012. The stock is trading 9% above its 200-day moving average.