EMC, GNC Holdings Among Stocks Down on Above-average Volume Wednesday

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

• EMC (NYSE:EMC) was down on high volume after trading at a volume of 20.1 million, or 1.7 its average daily volume. The stock price declined 1.1%, closing at $25.44. Shares have been on an upward trajectory over the past month, rising $2.52 (11%) from a price of $22.92 on July 17, 2012. The stock has moved down across its 50-day moving average of $25.43 today.

• Trading with volume of 4.1 million, or 1.6 its average daily volume, GNC Holdings (NYSE:GNC) saw its price drop on above-normal volume. The stock price dropped 3.6% to $37.20. Shares have shown some positive movement over the last two months as the price has climbed $2 (5.7%) from a price of $35.20 on June 18, 2012. The stock is trading 3.3% above its 200-day moving average.

• Global Payments (NYSE:GPN) was down on high volume, trading with volume of 1.5 million, or 2.2 its average daily volume. With a closing price of $41.19, shares were down 1.9%. Over the last month, the share price has dropped $2.92 (-6.6%) from $44.11 on July 17, 2012. The stock is trading at 96% of its 50-day moving average and 91.3% of its 200-day moving average.

• Companhia Paranaense de Energia (NYSE:ELP) was trading down on above-average volume with 646,762 shares moving, or 1.9 its average daily volume. Shares were down 5.3%, closing at $20.38. Shares are down $1.42 (-6.5%) from a price of $21.80 on August 8, 2012. The stock has moved down across its 50-day moving average of $21.02 today.

• DNP Select Income Fund (NYSE:DNP) saw its price drop on above-normal volume today, as 718,722 shares have changed hands or 1.9 times its average daily volume. Shares dropped 1.8% to $10.67. The stock has been going in a negative direction over the last month, dropping 83 cents (-7.2%) from a price of $11.50 on July 17, 2012. The stock is trading at 94.7% of its 50-day moving average and 96.8% of its 200-day moving average.