Published May 2, 2012 4:34pm EDT | Updated January 14, 2015 3:46am EST

ConocoPhillips, National Oilwell Varco Among Stocks Down on Above-average Volume Wednesday

These are stocks that are down on high volume today:

Trading at a volume of 14.5 million, or 1.7 its average daily volume, ConocoPhillips (NYSE:COP) was down on high volume today. The stock price declined 3.4%, closing at $54.59. The stock has been dropping in the last two months, down $22.97 (-29.6%) from a price of $77.56 on March 5, 2012. The stock is trading at 73.8% of its 50-day moving average and 75.6% of its 200-day moving average.

After trading at a volume of 6.3 million, or 1.6 its average daily volume, (NYSE:NOV) saw its price drop. Closing at $74.30, shares slipped 1.5%. The stock has fallen over the last three months, dropping $7.84 (-9.5%) from $82.14 on February 3, 2012. The stock has moved down across its 200-day moving average of $74.81 today.

Devon Energy (NYSE:DVN) experienced a price drop on above-average volume today, with 6.3 million shares, or 1.6 its average daily volume, changing hands. Shares were down 3.7%, closing at $68.06. Over the last three months, the stock has gained $4.60 (7.2%) from a price of $63.46 on February 3, 2012. The stock has dropped a step closer to its 200-day moving average, sitting just 1.3% above the mark.

NetApp (NASDAQ:NTAP) was down on high volume, trading with volume of 10.3 million, or 1.9 its average daily volume. Shares fell 3.4% to $39.29. Over the last month, the share price has dropped $5.76 (-12.8%) from $45.05 on April 2, 2012. The stock has moved down across its 200-day moving average of $39.82 today.

Time Warner (NYSE:TWX) saw its price drop on above-normal volume today, as 8.5 million shares have changed hands or 1.5 times its average daily volume. The stock price declined 1.7%, closing at $37.29. The stock has lost momentum over the last three months, losing 90 cents (-2.4%) from $38.19 on February 3, 2012. The stock has dropped a step closer to its 50-day moving average, sitting just 1.7% above the mark.

Trading with volume of 10.9 million, or two its average daily volume, Marathon Oil (NYSE:MRO) saw its price drop on above-normal volume. At $28.88, the stock price has fallen 4.3%. The stock has been on a downward trajectory over the last two months, decreasing $4.58 (-13.7%) from a price of $33.46 on March 5, 2012. The stock has moved down across its 200-day moving average of $30.00 today.

Trading at a volume of 15.6 million, or two its average daily volume, Banco Bradesco (NYSE:BBD) was down on high volume today. With a closing price of $15.77, shares dropped 2.4%. Over the last three months, the stock has lost $2.82 (-15.2%) from a price of $18.59 on February 3, 2012. The stock is trading at 92.7% of its 50-day moving average and 91% of its 200-day moving average.

Franklin Resources (NYSE:BEN) was down on high volume after trading at a volume of 1.3 million, or two its average daily volume. The stock price dropped 3.3% to $121.74. Shares have been on on the rise over the past three months, climbing $4.82 (3.8%) from a price of $126.56 on April 2, 2012. The stock is trading 7.9% above its 200-day moving average.

Sempra Energy (NYSE:SRE) was trading down on above-average volume with 2.4 million shares moving, or 1.6 its average daily volume. With a closing price of $63.88, shares were down 1.8%. The stock has risen $5.58 (9.6%) over the last three months from a price of $58.30 on February 3, 2012. The stock is trading 3.2% above its 50-day moving average and 10.6% above its 200-day moving average.