The Market Vectors Pharmaceutical ETF (AMEX:PPH) is seeing unusually high volume in afternoon trading Friday, with over 146,000 shares traded versus three month average volume of about 33,000. Shares of PPH were up about 0.5% on the day.
Components of that ETF with the highest volume on Friday were Pfizer (NYSE:PFE), trading up about 0.3% with over 8.8 million shares changing hands so far this session, and Merck (NYSE:MRK), up about 0.5% on volume of over 3.9 million shares. Salix Pharmaceuticals (SLXP) is the component faring the best Friday, up by about 2.6% on the day, while Questcor Pharmaceuticals (QCOR) is lagging other components of the Market Vectors Pharmaceutical ETF, trading lower by about 4.4%.
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