Seagate Technology, Peabody Energy Among Stocks Down on High Volume Tuesday

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

  • Seagate Technology (NASDAQ:STX) traded on a volume of 20.1 million, or 1.8 its average daily volume, but its price was down. Shares dropped 5.4% to $26.36. The stock has been dropping recently, and shares are down $4.95 (-15.8%) from a price of $31.31 on May 15, 2012. The stock is trading 10.3% above its 200-day moving average.
  • Peabody Energy (NYSE:BTU) experienced a price drop on above-average volume today, with 22.3 million shares, or 2.5 its average daily volume, changing hands. With a closing price of $23.65, shares were down 3.9%. The stock is down over the last three months, having fallen $12.68 (-34.9%) from $36.33 on February 24, 2012. The stock is trading at 82.7% of its 50-day moving average and 70.9% of its 200-day moving average.
  • AutoZone (NYSE:AZO) saw its price drop on above-normal volume today, as 1.4 million shares have changed hands or 2.4 times its average daily volume. Shares were off 2% to $361.14. The stock has seen some negative movement recently as shares are down $21.34 (-5.6%) from a price of $382.48 on May 15, 2012. The stock has dropped a step closer to its 200-day moving average, sitting just 0.5% above the mark.
  • Trading at a volume of 24.1 million, or 1.7 its average daily volume, Marvell Technology Group (NASDAQ:MRVL) was down on high volume today. Closing at $12.99, shares slipped 2%. The stock has been on a downward trajectory over the last two months, dipping $2.85 (-18%) from a price of $15.84 on March 23, 2012. The stock is trading at 89.6% of its 50-day moving average and 87.4% of its 200-day moving average.
  • Medtronic (NYSE:MDT) experienced a price drop on above-average volume today, with 7.8 million shares, or 1.6 its average daily volume, changing hands. Closing at $36.96, shares dropped 2%. The stock has been slipping in the last two months, down $1.74 (-4.5%) from a price of $38.70 on March 23, 2012. The stock has moved down across its 200-day moving average of $37.58 today.
  • Trading with volume of 3.5 million, or 2.3 its average daily volume, DaVita (NYSE:DVA) saw its price drop on above-normal volume. Closing at $80.25, shares dropped 5.4%. The stock has fallen over the last three months, dropping $6.55 (-7.5%) from $86.80 on February 24, 2012. The stock has moved down across its 200-day moving average of $81.61 today.
  • Western Digital (NYSE:WDC) saw its price drop on above-normal volume today, as 8.1 million shares have changed hands or 1.6 times its average daily volume. Closing at $34.51, shares were down 4%. The stock is down over the last two months, having fallen $7.93 (-18.7%) from a price of $42.44 on March 23, 2012. The stock is trading at 86.8% of its 50-day moving average and 95.4% of its 200-day moving average.
  • Consol Energy (NYSE:CNX) traded on a volume of 8.6 million, or 1.5 its average daily volume, but its price was down. With a closing price of $29.85, shares dropped 1.9%. Over the last three months, the stock has lost $6.48 (-17.8%) from a price of $36.33 on February 24, 2012. The stock is trading at 89.8% of its 50-day moving average and 83.5% of its 200-day moving average.
  • Trading at a volume of 1.5 million, or 1.6 its average daily volume, Franklin Resources (NYSE:BEN) was down on high volume today. Shares were down 1%, closing at $107.88. The stock has been on a downward trajectory over the last two months, declining $14.88 (-12.1%) from a price of $122.76 on March 23, 2012. The stock is trading at 90.6% of its 50-day moving average and 95.8% of its 200-day moving average.