BP plc, Research In Motion Among Stocks Down on High Volume Tuesday

FOXBusiness

Today, a few stocks are down on high volume:

  • Trading at a volume of 9.3 million, or 1.6 its average daily volume, BP plc (NYSE:BP) was down on high volume today. The stock price declined 1.6%, closing at $42.70. Shares are down over the last two months as the price has dropped $4.80 (-10.1%) from a price of $47.50 on March 2, 2012. The stock is trading at 96.9% of its 50-day moving average and 97.7% of its 200-day moving average.

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  • Research In Motion (NASDAQ:RIMM) saw its price drop on above-normal volume today, as 26.4 million shares have changed hands or 1.7 times its average daily volume. With a closing price of $13.48, shares were down 5.7%. The stock is down over the last three months, having fallen $3.73 (-21.7%) from $17.21 on February 2, 2012. The stock has moved down across its 50-day moving average of $13.56 today.
  • McKesson Corporation (NYSE:MCK) experienced a price drop on above-average volume today, with 3.4 million shares, or 1.9 its average daily volume, changing hands. Closing at $90.44, shares slipped 1.1%. The stock has been on an upward trajectory over the last two months, climbing $8.27 (10.1%) from a price of $82.17 on March 2, 2012. The stock has dropped a step closer to its 50-day moving average, sitting just 2% above the mark.
  • Biogen Idec (NASDAQ:BIIB) was trading down on above-average volume with 2.1 million shares moving, or 1.8 its average daily volume. Shares were off 1.6% to $131.83. Over the last two months, shares have shown some positive movement as the price has climbed $12.94 (10.9%) from a price of $118.89 on March 2, 2012. The stock is trading 5% above its 50-day moving average and 11.8% above its 200-day moving average.
  • Costco Wholesale Corporation (NASDAQ:COST) was down on high volume after trading at a volume of 2.9 million, or 1.6 its average daily volume. Closing at $86.97, shares dropped 1.4%. The stock has been losing steam over the last month, dipping $3.83 (-4.2%) from a price of $90.80 on March 30, 2012. The stock has dropped a step closer to its 200-day moving average, sitting just 2.1% above the mark.
  • Sirius XM Radio (NASDAQ:SIRI) saw its price drop on above-normal volume today, as 98.8 million shares have changed hands or 2.4 times its average daily volume. Shares dropped 1.1% to $2.23. The stock has risen 11 cents (5.2%) over the last three months from a price of $2.12 on February 2, 2012. The stock is trading 8.4% above its 200-day moving average.
  • Trading at a volume of 12.8 million, or 1.7 its average daily volume, Staples (NASDAQ:SPLS) was down on high volume today. With a closing price of $15.15, shares were off 1.6%. The stock has been going in a negative direction over the last month, dropping $1.04 (-6.4%) from a price of $16.19 on March 30, 2012. The stock has dropped a step closer to its 200-day moving average, sitting just 0.1% above the mark.
  • Cobalt International Energy (NYSE:CIE) traded on a volume of 5.3 million, or 2.8 its average daily volume, but its price was down. Shares were down 4.1%, closing at $25.66. Share price climbed over the last three months, now up $5.66 (28.3%) from $20 on February 2, 2012. The stock is trading 17.1% above its 200-day moving average.
  • Talisman Energy (NYSE:TLM) saw its price drop on above-normal volume today, as 10.4 million shares have changed hands or 2.1 times its average daily volume. Closing at $12.70, shares dropped 2.8%. The stock is down over the last two months, having fallen 97 cents (-7.1%) from a price of $13.67 on March 2, 2012. The stock has moved down across its 200-day moving average of $13.05 today.

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