The SPDR S&P Oil & Gas Equipment & Services ETF (NYSE:XES) is seeing unusually high volume in afternoon trading Wednesday, with over 151,000 shares traded versus three month average volume of about 148,000. Shares of XES were off about 0.7% on the day.
Components of that ETF with the highest volume on Wednesday were Halliburton (NYSE:HAL), trading off about 0.7% with over 2.4 million shares changing hands so far this session, and Nabors Industries Limited (NYSE:NBR), down about 1.7% on volume of over 1.6 million shares. Core Laboratories NV (NYSE:CLB) is the component faring the best Wednesday, up by about 1.1% on the day, while Basic Energy Services (NYSE:BAS) is lagging other components of the SPDR S&P Oil & Gas Equipment & Services ETF, trading lower by about 3.8%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.