Citigroup, General Electric Among Stocks Down on High Volume Wednesday

FOXBusiness

These stocks are down on high volume today:

  • Trading at a volume of 47.8 million, or 1.5 its average daily volume, Citigroup (NYSE:C) was down on high volume today. Shares were down 2.8% to $30.45. The stock has been on a downward trajectory over the last two months, slipping $3.84 (-11.2%) from a price of $34.29 on March 12, 2012. The stock is trading at 89% of its 50-day moving average and 96.3% of its 200-day moving average.

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  • General Electric (NYSE:GE) saw its price drop on above-normal volume today, as 61.3 million shares have changed hands or 1.7 times its average daily volume. With a closing price of $18.91, shares dropped 1.8%. The stock has been decreasing recently, and shares are down 86 cents (-4.4%) from a price of $19.77 on May 2, 2012. The stock has dropped a step closer to its 200-day moving average, sitting just 3% above the mark.
  • After trading at a volume of 17.5 million, or 1.9 its average daily volume, (NYSE:HD) saw its price drop. With a closing price of $50.11, shares were down 1%. Share price is up, having risen 75 cents (1.5%) from $49.36 on April 10, 2012. The stock is trading 10.6% above its 200-day moving average.
  • McDonald's (NYSE:MCD) experienced a price drop on above-average volume today, with 8.8 million shares, or 1.6 its average daily volume, changing hands. Shares were off 1.7% to $91.93. The stock has lost momentum over the last three months, losing $7.54 (-7.6%) from $99.47 on February 10, 2012. The stock is trading at 94.9% of its 50-day moving average and 95.1% of its 200-day moving average.
  • Abbott Laboratories (NYSE:ABT) saw its price drop on above-normal volume today, as 12.5 million shares have changed hands or 1.7 times its average daily volume. Closing at $61.23, shares slipped 2.2%. Over the last three months, the stock has gained $6.12 (11.1%) from a price of $55.11 on February 10, 2012. The stock has dropped a step closer to its 50-day moving average, sitting just 0.5% above the mark.
  • Occidental Petroleum (NYSE:OXY) experienced a price drop on above-average volume today, with 7.6 million shares, or 1.7 its average daily volume, changing hands. With a closing price of $84.28, shares dropped 3%. Over the last three months, the stock has lost $18.42 (-17.9%) from a price of $102.70 on February 10, 2012. The stock is trading at 91.6% of its 50-day moving average and 89.1% of its 200-day moving average.
  • BP (NYSE:BP) was down on high volume, trading with volume of 11.3 million, or 1.8 its average daily volume. With a closing price of $39.26, shares were off 2.9%. Shares are down over the last two months as the price has dropped $7.46 (-16%) from a price of $46.72 on March 12, 2012. The stock is trading at 90.6% of its 50-day moving average and 89.9% of its 200-day moving average.
  • United Technologies (NYSE:UTX) was down on high volume after trading at a volume of five million, or 1.8 its average daily volume. Closing at $77.01, shares dropped 2.3%. The stock has been declining in the last two months, down $6.98 (-8.3%) from a price of $83.99 on March 12, 2012. The stock is trading at 94.8% of its 50-day moving average and 97.4% of its 200-day moving average.
  • Trading with volume of 7.6 million, or 1.9 its average daily volume, TOTAL (NYSE:TOT) saw its price drop on above-normal volume. Shares dropped 2.6% to $44.65. The stock has been on a downward trajectory over the last two months, dipping $10.72 (-19.4%) from a price of $55.37 on March 12, 2012. The stock is trading at 90.1% of its 50-day moving average and 87.4% of its 200-day moving average.

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