Procter & Gamble, Walgreen Among Stocks Down on High Volume Wednesday

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

  • Procter & Gamble (NYSE:PG) is trading down on above-average volume today, seeing a price drop on a volume of 22.3 million, or 2.3 times its average daily volume. Trading at $60.10, the stock is down 3.4%. The stock has fallen over the last three months, dropping $7.33 (-10.9%) from $67.43 on March 23, 2012. The stock is trading at 95.2% of its 50-day moving average and 92.7% of its 200-day moving average.
  • Walgreen (NYSE:WAG) is trading down on a volume of 20 million, or 2.1 times its average daily volume. At $28.78, shares are down 4.4%. The stock has been declining in the last two months, down $6.62 (-18.7%) from a price of $35.40 on April 23, 2012. The stock is trading at 90% of its 50-day moving average and 86.7% of its 200-day moving average.
  • Adobe Systems (NASDAQ:ADBE) is trading down on a volume of 11.3 million, or 2.5 times its standard daily volume. Shares are down 3.4% to $31.76. Over the last three months, the stock has lost $2.05 (-6.1%) from a price of $33.81 on March 23, 2012. The stock has dropped a step closer to its 200-day moving average, sitting just 0.8% above the mark.
  • Liquidity Services (NASDAQ:LQDT) is trading down on a volume of 2.4 million, or 3.6 times its standard daily volume. The stock price has slipped 8.1% to $52.70. The stock has risen $6.01 (12.9%) over the last three months from a price of $46.69 on March 23, 2012. The stock is trading 9.1% above its 200-day moving average.
  • Sunstone Hotel Investors (NYSE:SHO) is trading down on above-normal volume today, seeing a price drop on a volume of 4.1 million, or 3.3 times its average daily volume. The stock price has dropped 2% to $10.47. Share price increased over the last three months, now up 79 cents (8.2%) from $9.68 on March 23, 2012. The stock is trading 3.1% above its 50-day moving average and 11.3% above its 200-day moving average.
  • Chimera Investment Corporation (NYSE:CIM) is down on high volume today, trading with volume of 10.5 million, or two times its average daily volume. The stock price has decreased 5.2% to $2.76. The stock is down over the last three months, having fallen 20 cents (-6.8%) from $2.96 on March 23, 2012. The stock has moved down across its 50-day moving average of $2.82 today.
  • La-Z-Boy Incorporated (NYSE:LZB) is trading down on a volume of 1.5 million, or 2.2 times its normal daily volume. The stock price is $11.62, reflecting a 11.5% decrease. The stock has lost momentum over the last three months, losing $3 (-20.5%) from $14.62 on March 23, 2012. The stock is trading at 83.2% of its 50-day moving average and 86.1% of its 200-day moving average.
  • Trading at a volume of 5.5 million, or 13.1 times its average daily volume, Gleacher & Company (NASDAQ:GLCH) is down on high volume today. The stock is down 3.7% to 73 cents. The stock is trading at 85.6% of its 50-day moving average and 60.1% of its 200-day moving average.
  • Cytokinetics (NASDAQ:CYTK) is seeing its price fall on above-normal volume today, as 2.6 million shares have moved, or 28.8 times its average daily volume. A decrease of 12.5% has brought the stock price to 70 cents. The stock is trading at 76.3% of its 50-day moving average and 67.8% of its 200-day moving average.