The SPDR S&P Pharmaceuticals ETF (AMEX:XPH) is seeing unusually high volume in afternoon trading Wednesday, with over 554,000 shares traded versus three month average volume of about 62,000. Shares of XPH were down about 0.8% on the day.
Components of that ETF with the highest volume on Wednesday were Pfizer (NYSE:PFE), trading off about 0.1% with over 17 million shares changing hands so far this session, and Merck (NYSE:MRK), off about 1.1% on volume of over 7.3 million shares. Abbvie (NYSE:ABBV) is the component faring the best Wednesday, up by about 1.2% on the day, while Nektar Therapeutics (NASDAQ:NKTR) is lagging other components of the SPDR S&P Pharmaceuticals ETF, trading lower by about 4.6%.
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