Distribution Alert: Tuesday's High-Volume Selloffs

Losers were few and far between on Tuesday, so to see a loser falling on heavy volume is particularly concerning. Not that it was the proverbial nail in the coffin for any of these names, but Fastenal Company (Nasdaq: FAST), Community Health Systems, Inc. (NYSE: CYH), Blackboard Inc. (Nasdaq: BBBB), Delphi Financial Group, Inc. (NYSE: DFG), and Baidu, Inc. (Nasdaq: BIDU) were the day’s high-volume losers.

Here are the vital stats.

• Fastenal Company: Lower by 2.3% on 259% more volume than normal.
• Community Health Systems, Inc.: Down 2.7% on 258% more activity than usual.
• Blackboard Inc.: Off by 3.7% on a 210% in average trading activity.
• Delphi Financial Group, Inc.: Fell 2.6% on a volume increase of 199%.
• Baidu, Inc.: Down 5.7% on 199% more trading activity than normal.